Al's production function for deer is f(x1, x2)= (2x1 + x2)1/2, where x1 is the amount of plastic and x2 is the amount of wood used.If the cost of plastic is $4 per unit and the cost of wood is $4 per unit, then the cost of producing 8 deer is

A) $16. B) $96. C) $256. D) $128. E) $32. A) $16. B) $96. C) $256. D) $128. E) $32.

Al's production function for deer is f(x1, x2)= (2x1 + x2)1/2, where x1 is the amount of plastic and x2 is the amount of wood used.If the cost of plastic is $8 per unit and the cost of wood is $3 per unit, then the cost of producing 5 deer is

A) $15. B) $100. C) $95. D) $75. E) $20. A) $15. B) $100. C) $95. D) $75. E) $20.

Exam 19: Cost Minimization-Part B

Al's production function for deer is f(x₁, x₂)= (2x₁ + x₂)^1/2, where x₁ is the amount of plastic and x₂ is the amount of wood used.If the cost of plastic is $4 per unit and the cost of wood is $4 per unit, then the cost of producing 8 deer is

(Multiple Choice)

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Question 21

the production function is f(L, M)= 4L^1/2 M^1/2, where L is the number of units of labor and M is the number of machines used.If the cost of labor is $100 per unit and the cost of machines is $16 per unit, then the total cost of producing 7 units of output will be

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Question 22

Suppose that Nadine has a production function 4x₁ + x₂.If the factor prices are $12 for factor 1 and $2 for factor 2, how much will it cost her to produce 50 units of output?

(Multiple Choice)

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Question 23

Al's production function for deer is f(x₁, x₂)= (2x₁ + x₂)^1/2, where x₁ is the amount of plastic and x₂ is the amount of wood used.If the cost of plastic is $8 per unit and the cost of wood is $3 per unit, then the cost of producing 5 deer is

(Multiple Choice)

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Question 24

suppose that a new alloy is invented which uses copper and zinc in fixed proportions where 1 unit of output requires 3 units of copper and 3 units of zinc for each unit of alloy produced.If no other inputs are needed, the price of copper is $4, and the price of zinc is $5, what is the average cost per unit when 4,000 units of the alloy are produced?

(Multiple Choice)

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Question 25

suppose that a new alloy is invented which uses copper and zinc in fixed proportions where 1 unit of output requires 4 units of copper and 4 units of zinc for each unit of alloy produced.If no other inputs are needed, the price of copper is $5, and the price of zinc is $2, what is the average cost per unit when 2,000 units of the alloy are produced?

(Multiple Choice)

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Question 26

Showing 21 - 26 of 26

Exam 19: Cost Minimization-Part B

Al's production function for deer is f(x1, x2)= (2x1 + x2)1/2, where x1 is the amount of plastic and x2 is the amount of wood used.If the cost of plastic is $4 per unit and the cost of wood is $4 per unit, then the cost of producing 8 deer is

the production function is f(L, M)= 4L1/2 M1/2, where L is the number of units of labor and M is the number of machines used.If the cost of labor is $100 per unit and the cost of machines is $16 per unit, then the total cost of producing 7 units of output will be

Suppose that Nadine has a production function 4x1 + x2.If the factor prices are $12 for factor 1 and $2 for factor 2, how much will it cost her to produce 50 units of output?

Al's production function for deer is f(x1, x2)= (2x1 + x2)1/2, where x1 is the amount of plastic and x2 is the amount of wood used.If the cost of plastic is $8 per unit and the cost of wood is $3 per unit, then the cost of producing 5 deer is

Budget Constraint-Part A

Budget Constraint-Part B

Preferences-Part A

Preferences-Part B

Utility-Part A

Utility-Part B

Choice-Part A

Choice-Part B

Demand-Part A

Demand-Part B

Revealed Preference-Part A

Revealed Preference-Part B

Slutsky Equation-Part A

Slutsky Equation-Part B

Buying and Selling-Part A

Buying and Selling-Part B

Intertemporal Choice-Part A

Intertemporal Choice-Part B

Asset Markets-Part A

Asset Markets-Part B

Uncertainty-Part A

Uncertainty-Part B

Risky Assets-Part A

Risky Assets-Part B

Consumers Surplus-Part A

Consumers Surplus-Part B

Market Demand-Part A

Market Demand-Part B

Equilibrium-Part A

Equilibrium-Part B

Auctions-Part A

Auctions-Part B

Technology-Part A

Technology-Part B

Profit Maximization-Part A

Profit Maximization-Part B

Cost Minimization-Part A

Cost Curves-Part A

Cost Curves-Part B

Firm Supply-Part A

Firm Supply-Part B

Industry Supply-Part A

Industry Supply-Part B

Monopoly-Part A

Monopoly-Part B

Monopoly Behavior-Part A

Monopoly Behavior-Part B

Factor Markets-Part A

Factor Markets-Part B

Oligopoly-Part A

Oligopoly-Part B

Game Theory-Part A

Game Theory-Part B

Game Applications-Part A

Game Applications-Part B

Behavioral Economics

Exchange-Part A

Exchange-Part B

Production-Part A

Production-Part B

Welfare-Part A

Welfare-Part B

Externalities-Part A

Externalities-Part B

Information Technology-Part A

Information Technology-Part B

Public Goods-Part A

Public Goods-Part B

Asymmetric Information-Part A

Asymmetric Information-Part B

Filters

Al's production function for deer is f(x₁, x₂)= (2x₁ + x₂)^1/2, where x₁ is the amount of plastic and x₂ is the amount of wood used.If the cost of plastic is $4 per unit and the cost of wood is $4 per unit, then the cost of producing 8 deer is

the production function is f(L, M)= 4L^1/2 M^1/2, where L is the number of units of labor and M is the number of machines used.If the cost of labor is $100 per unit and the cost of machines is $16 per unit, then the total cost of producing 7 units of output will be

Suppose that Nadine has a production function 4x₁ + x₂.If the factor prices are $12 for factor 1 and $2 for factor 2, how much will it cost her to produce 50 units of output?

Al's production function for deer is f(x₁, x₂)= (2x₁ + x₂)^1/2, where x₁ is the amount of plastic and x₂ is the amount of wood used.If the cost of plastic is $8 per unit and the cost of wood is $3 per unit, then the cost of producing 5 deer is