Business: Aprofit-maximizing competitive firm uses just one input, x. its production function is q = 4x1/2. the price of output is $28 and the factor price is $7. the amount of the factor that the firm demands is

Explanation:Adjusting journal entriesA. Account receivable 25000 Service Revenue 25000B.Interest Receivable 630 Interest income 630C. Progressive bills receivable 1780 Revenue 1780...

Aprofit-maximizing competitive firm uses just one

Ответ:

kylahnicolewebb

14.03.2022

Business

Production function is q = 4x^{2} [/tex]
$\frac{dq}{dx} = \frac{4}{2} x^{ \frac{-1}{2} }$
$\frac{dq}{dx} = \frac{2}{ \sqrt{x} } 
$
π = Poutput. f(x) - x. Pₓ4 $\sqrt{x}$ - 7x
The amount of the factor that the firm demand is
Poutput* $\frac{dq}{dx}$ - factor price = 0
28 $\frac{2}{ \sqrt{x} }$ - 7 = 0
$\frac{56}{ \sqrt{x} }$ = 7
$\frac{56}{7} = \sqrt{x}$
$\sqrt{x} = 8$
The amount of the factor that the firm demand is x = 64 Answer

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Ответ:

sebastiantroysmith

13.08.2021

Business

Explanation:

Adjusting journal entries

Account receivable 25000

Service Revenue 25000

Interest Receivable 630

Interest income 630

Progressive bills receivable 1780

Revenue 1780

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Aprofit-maximizing competitive firm uses just one input, x. its production function is q = 4x1/2. the price of output is $28 and the factor price is $7. the amount of the factor that the firm demands is

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