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Suppose a Firm with a Production Function Given by Q

Question 14

Multiple Choice

Suppose a firm with a production function given by Q = 4K0.25L0.75 produces 100 units of output. The firm pays a wage of $30 per units and pays a rental rate of capital of $10 per unit. (Note: Suppose a firm with a production function given by Q = 4K<sup>0.25</sup>L<sup>0.75 </sup>produces 100 units of output. The firm pays a wage of $30 per units and pays a rental rate of capital of $10 per unit. (Note: ) . The minimum cost of producing 100 units of output is: A) $3,000. B) $2,250. C) $800. D) $1,000. ) .
The minimum cost of producing 100 units of output is:


A) $3,000.
B) $2,250.
C) $800.
D) $1,000.

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