Multiple Choice
If the production function is f(z1,z2) = min(z1,z2) and if the price of z1 is $20 and the price of z2 is
$15, then the minimum cost of producing 10 units of output is:
A) $350.
B) $150.
C) $200.
D) $175.
Correct Answer:
Verified
Correct Answer:
Verified
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