Discuss what is the profit-maximizing quantity of output, Microeconomics

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Discuss what is the profit-maximizing quantity of output

Problem

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 should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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