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Maximum profit that the firm can get in the short run

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Reference no: EM132559547

The production function of a firm is Y = x11/2x21/2 . Suppose in the short run factor 2 is fixed at 400 units. The cost of factor 1 is $2 and the cost of factor 2 is $1. The price of the output is $6 each. What's the maximum profit that the firm can get in the short run?

Reference no: EM132559547

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