How many units of output will the firm produce

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A competitive firm’s production function is y = 6√ x1 + 8√ x2. The price of factor 1 is $1 and the price of factor 2 is $4. The price of output is $8.

(a) How much of each factor should the firm use to maximize its profit?

(b) How many units of output will the firm produce?

Reference no: EM13896585

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