In Problem 2, the production function is given by f(x) . If the price of the commodity produced is $100 per unit and the cost of the input is $15 per unit, how much profit will the firm make if it maximize profits?
A) $2,666.67
B) $1,331.33
C) $5,337.33
D) $2,651.67
E) $1,336.33

Question

In Problem 2, the production function is given by f(x)  . If the price of the commodity produced is $100 per unit and the cost of the input is $15 per unit, how much profit will the firm make if it maximize profits?
A) $2,666.67 
B) $1,331.33 
C) $5,337.33 
D) $2,651.67 
E) $1,336.33

Quizplus · Accepted Answer

The Answer of In Problem 2, the production function is given by f(x)  . If the price of the commodity produced is $100 per unit and the cost of the input is $15 per unit, how much profit will the firm make if it maximize profits?
A) $2,666.67 
B) $1,331.33 
C) $5,337.33 
D) $2,651.67 
E) $1,336.33

In Problem 2, the Production Function Is Given by F(x)