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 400 old jokes for which he paid 2 dollars each. If the wage rate for cartoonists is 5 dollars, then the total cost of producing 54 comics books is
A) 1,205 dollars.
B) 1,807.50 dollars.
C) 602.50 dollars.
D) 1,259 dollars.
E) 301.25 dollars.
Correct Answer:

Verified
Correct Answer:
Verified
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