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 $20 per unit, how much profit will the firm make if it maximizes profits?
A) $1,444
B) $705
C) $720
D) $358
E) $363

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 $20 per unit, how much profit will the firm make if it maximizes profits?
A) $1,444 
B) $705 
C) $720 
D) $358 
E) $363

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 $20 per unit, how much profit will the firm make if it maximizes profits?
A) $1,444 
B) $705 
C) $720 
D) $358 
E) $363

The Production Function Is Given by F(x) =