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A Competitive Firm's Production Function Is F(x1, X2) = 8

Question 21

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A competitive firm's production function is f(x1, x2) = 8 A competitive firm's production function is f(x<sub>1</sub>, x<sub>2</sub>) = 8 <sub>1</sub> + 8 <sub>2</sub>. The price of factor 1 is $1 and the price of factor 2 is $3. The price of output is $6. What is the profit-maximizing quantity of output? A) 256 B) 512 C) 252 D) 516 E) 244 1 + 8 A competitive firm's production function is f(x<sub>1</sub>, x<sub>2</sub>) = 8 <sub>1</sub> + 8 <sub>2</sub>. The price of factor 1 is $1 and the price of factor 2 is $3. The price of output is $6. What is the profit-maximizing quantity of output? A) 256 B) 512 C) 252 D) 516 E) 244 2. The price of factor 1 is $1 and the price of factor 2 is $3. The price of output is $6. What is the profit-maximizing quantity of output?


A) 256
B) 512
C) 252
D) 516
E) 244

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