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Scenario 7.3: Use the Production Function: Q = 4L^1/2K^1/2

Question 68

Multiple Choice

Scenario 7.3:
Use the production function: Q = 4L^1/2K^1/2.
-Refer to Scenario 7.3. What is the total cost of producing 200 units of output?

A) 100
B) 1000
C) 1500
D) 2000
E) none of the above

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