Production function , profit maximization
Posted by Jinx on Nov 19, 2017; 4:28pm
URL: http://discussion-forum.276.s1.nabble.com/Production-function-profit-maximization-tp7608313.html
A firm has a production function Q=4√x and q is qty. Of output and input respectively. And price of output is 80 per unit and price of input is 20 per unit, then what will be the maximum profit that firm can earn?