A competitive firm produces output using three fixed factors and one variable factor. The firm's short run production function is q = 305x - 2x2; where x is the amount of variable factor used. The price of output is $2 per unit and the price of the variable factor is $10 per unit. In the short run, how many units of x should the firm use? (a) 37 (b) 150 (c) 21 (d) 75 (e) None of the above.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A competitive firm produces output using three fixed factors and one variable factor. The firm's short run production function is q = 305x ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
himada Products Corporation of Japan is anxious to enter the electronic calculator market. Management believes that in order to be competitive in world markets, the price of the electronic calculator that the company is developing cannot exceed $15.
Answers (1)
If matt has 50 acres of grazing land and each cow requires 2/3 of an acre, how many cattle can his land support?
Answers (1)
According to the federal Administrative Procedure Act, an agency is any governmental authority besides Congress and the courts. Which function does not fall under the category of what an agency does?
Answers (1)
The Converting Department of Tender Soft Tissue Company uses the weighted average method and had 2,100 units in work in process that were 70% complete at the beginning of the period.
Answers (1)
The value of a person's opinion is influenced by: the size of their bank account their ethnicity their knowledge of the subject their height
Answers (1)
New Questions in Business
Reducing (and sometimes eliminating) the size of engineering staffs has become a recent trend among airlines since they are no longer as involved with the design of new aircraft. A. True B. False
Answers (1)
Ashton Bank knows that its customer, Juan, has died. One day after Juan's death, Ashton Bank was presented a check for clearing of $3,000. The check was written by Juan a week prior to his death to Bailey Enterprises.
Answers (1)
Which of the following may be true for a company pursuing a strategy of unrelated diversification rather than a strategy of related diversification? a. The company has to achieve coordination between business units. b.
Answers (1)
Private markets fail to reach a socially optimal equilibrium when positive externalities are present because the A. private cost exceeds the private benefit at the private market solution. B.
Answers (1)
You also remember that research shows: Smaller teams have lower levels of rapport than larger teams As a team decreases in size, it becomes harder for members to interact Smaller teams are more focused on team goals than larger teams As a team
Answers (1)