A competitive firm's production function is f (x, y) = 8x^1/2 + 8x^1/2. The price of factor x is $1 and the price factor y is $3. The price of output is $6. What is the profit-maximizing quantity of output?

A competitive firm's production function is f (x, y) = 8x^1/2 + 8x^1/2. The price of factor x is $1 and the price factor y is $3. The price of output is $6. What is the profit-maximizing quantity of output?

A competitive firm's production function is f (x, y) = 8x^1/2 + 8x^1/2. The price of factor x is $1 and the price factor y is $3. The price of output is $6. What is the profit-maximizing quantity of output?




Answer: 256