In Problem 2, the production function is given by f(x) . If the price of the commodity produced is $50 per unit and the cost of the input is $25 per unit, how much profit will the firm make if it maximize profits?
A) $804
B) $385
C) $400
D) $198
E) $203

Question

In Problem 2, the production function is given by f(x)  . If the price of the commodity produced is $50 per unit and the cost of the input is $25 per unit, how much profit will the firm make if it maximize profits?
A) $804 
B) $385 
C) $400 
D) $198 
E) $203

Quizplus · Accepted Answer

The Answer is C

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