What is the profit-maximizing quantity of output

Reference no: EM132133679

Question: A competitive firm's production function is f(x₁, x₂) = 12x^1/2₁ + 4x^1/2₂. The price of factor 1 is $1 and the price of factor 2 is $2. The price of output is $4. What is the profit-maximizing quantity of output? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132133679

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