A competitive firm's production function is f(x₁, x₂)= 6x^1/2₁ + 8x^1/2₂.The price of factor 1 is $1 and the price of factor 2 is $4.The price of output is $8.What is the profit-maximizing quantity of output? A)416 B)208 C)204 D)419 E)196

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The Answer of A competitive firm's production function is f(x₁, x₂)= 6x^1/2₁ + 8x^1/2₂.The price of factor 1 is $1 and the price of factor 2 is $4.The price of output is $8.What is the profit-maximizing quantity of output? A)416 B)208 C)204 D)419 E)196

A Competitive Firm's Production Function Is F(x1, X2)= 6x1/21

A Competitive Firm's Production Function Is F(x₁, X₂)= 6x^1/2₁