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What smallest integer price that would make a firm willing

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Question 1: A competitive firm uses two variable factors to produce its output, with a production function q = min{x1, x2}. The price of factor 1 is $4 and the price of factor 2 is $5. Due to a lack of warehouse space, the company cannot use more than 17 units of x1. The firm must pay a fixed cost of $136 if it produces any positive amount but doesn't have to pay this cost if it produces no output. What is the smallest integer price that would make a firm willing to produce a positive amount?

Reference no: EM132513231

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