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A profit-maximising competitive (i.e. price-taking) firm uses just one input, x. Its production function is f(x)=8x^0.5. The price of output is $24 and the factor

A profit-maximising competitive (i.e. price-taking) firm uses just one input, x. Its production function is f(x)=8x^0.5. The price of output is $24 and the factor price is $8. The amount of the factor that the firm demands is

11.

128.

144.

27.71.

None of the above.

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