Re: Micro doubts. Please help.

Posted by MR on Jun 18, 2013; 1:39pm
URL: http://discussion-forum.276.s1.nabble.com/Micro-doubts-Please-help-tp7582526p7582533.html

Oh ok. Thanks.
Here is another question, let me know if you can solve it.
A profit-maximizing competitive firm uses just one input, x. Its production function is q = 8x1/2. The price of output is $24 and the factor price is $8. The amount of the factor that the firm demands is?