A profit-maximizing competitive firm uses just one input. x. Its production function is q = 4x 1/2
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Question:
A profit-maximizing competitive firm uses just one input. x. Its production function is q = 4x 1/2 . The price of output is $12 and the factor price is $3. The amount of the factor that the fum demands is
A) 24
B) 16
C) 60
D) S
E) None of the above.
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