Multiple Choice
If a firm's production function is f(z1,z2) = z1 + z2, and if the price of z1 is $10 and the price of z2 is
$8, then the minimum cost of producing 10 units of output is:
A) $180.
B) $90.
C) $80.
D) $100.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q59: If a firm's production process fits the
Q60: Relative to some specific level of output,
Q61: If a firm's production function is f(z<sub>1</sub>,z<sub>2</sub>)=
Q62: The scale- elasticity of output measures:<br>A)the slope
Q63: A normal input is:<br>A)one that is a
Q65: Scale elasticity refers to changes in:<br>A)output due
Q66: A firm produces steel plates using a
Q67: Suppose Kate's bakery operates with the production
Q68: The cost function, TC(y), shows the:<br>A)linear pattern
Q69: If input prices are constant and the