In workout problem 20.2, the production function is given by fx) = 4x/2. If the price of the commodity produced is $100 per unit and the cost of the input is $45 per unit, how much profit will the firm make if it maximize profits? %3D O $447.44 O $442.44 O $1,781.78 O $873.89 $888.89

In workout problem 20.2, the production function is given by fx) = 4x/2. If the price of the commodity produced is $100 per unit and the cost of the input is $45 per unit, how much profit will the firm make if it maximize profits? %3D O $447.44 O $442.44 O $1,781.78 O $873.89 $888.89

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

In workout problem 20.2, the production function is given by fx) = 4x/2, If the price
of the commodity produced is $100 per unit and the cost of the input is $45 per unit,
how much profit will the firm make if it maximize profits?
%3D
O $447.44
$442.44
$1,781.78
$873.89
$888.89

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