A competitive firm produces output using three fixed factors and one variable factor.The firm';s short run production function is ;, where x is the amount of variable factor used.The price of output is $3 per unit and the price of the variable factor
A competitive firm produces output using three fixed factors and one variable factor.The firm';s short run production function is ;, where x is the amount of variable factor used.The price of output is $3 per unit and the price of the variable factor is $9 per unit.In the short run, how many units of x should the firm use?
A.20
B.80
C.19
D.40
正确答案:40
Tag:中级微观经济学
时间:2023-12-17 11:47:44
- 上一篇:A fixed factor is a factor of production that is used in fixed proportion to the level of output.。
- 下一篇:A profit-maximizing competitive firm uses just one input, x.Its production function is q = 8x1/2.The price of output is 16 and the factor price is 8.The amount of the factor that the firm demands is: