What is the pro?t-maximizing amount of input, Microeconomics

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What is the pro?t-maximizing amount of input

Frm uses a single input to produce a recreationalcommodity according to a production function

f(x) = 4√x,

where x is the number of units of input.

The commodity sells for $100 per unit. Theinput costs $50 per unit. What is the pro?t-maximizing amount of input?

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Microeconomics: What is the pro?t-maximizing amount of input

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Microeconomics: What is the pro?t-maximizing amount of input

Reference No:- TGS073314

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Recent Questions Asked Microeconomics

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Microeconomics: What is the pro?t-maximizing amount of input

Reference No:- TGS073314

Recent Questions Asked Microeconomics

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