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 900 old jokes for which he paid 4 dollars each. If the wage rate for cartoonists is 6 dollars, then the total cost of producing 24 comics books is
A) 3,720 dollars.
B) 3,696 dollars.
C) 1,848 dollars.
D) 5,544 dollars.
E) 924 dollars.
Correct Answer:

Verified
Correct Answer:
Verified
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Q10: Touchie MacFeelie's production function is <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6162/.jpg"
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