Multiple Choice
Touchie MacFeelie's production function is , where J is the number of old jokes used and L is the number of hours of cartoonists' labor. Touchie is stuck with 1,600 old jokes for which he paid 6 dollars each. If the wage rate for cartoonists is 5 dollars, then the total cost of producing 108 comics books is
A) 15,007.50 dollars.
B) 5,002.50 dollars.
C) 10,113 dollars.
D) 10,005 dollars.
E) 2,501.25 dollars.
Correct Answer:

Verified
Correct Answer:
Verified
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Q7: Rex Carr could pay $10 for
Q8: In Problem 2, if Mr. Dent Carr's
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Q13: Touchie MacFeelie's production function is <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6162/.jpg"
Q14: Mary Magnolia in Problem 4 has variable
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