The production function is given by f(x) = . If the price of the commodity produced is $60 per unit and the cost of the input is $10 per unit, how much profit will the firm make if it maximizes profits?
A) $1,440
B) $718
C) $2,884
D) $1,425
E) $723

Question

The production function is given by f(x) =  . If the price of the commodity produced is $60 per unit and the cost of the input is $10 per unit, how much profit will the firm make if it maximizes profits?
A) $1,440 
B) $718 
C) $2,884 
D) $1,425 
E) $723

Quizplus · Accepted Answer

The Answer of The production function is given by f(x) =  . If the price of the commodity produced is $60 per unit and the cost of the input is $10 per unit, how much profit will the firm make if it maximizes profits?
A) $1,440 
B) $718 
C) $2,884 
D) $1,425 
E) $723

The Production Function Is Given by F(x) =