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The production function of a competitive firm is q = 4x 1 0.5 x 2 0.5 . The prices of its inputs are p 1

The production function of a competitive firm is q = 4x₁^0.5x₂^0.5. The prices of its inputs are p₁ = $1 and p₂ = $36. The firm's marginal cost is:

Group of answer choices

Decreasing.

None of the other answers is correct.

Constant and equal to 24.

Increasing.

Constant and equal to 3.

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