Multiple Choice
A firm's production function is given by .The marginal products of labor and capital are,respectively,
and
.Further,the wage rate is
and the rental rate of capital is
.Suppose that the firm wants to produce 27,000 units of output in the most efficient way possible.How much does the firm spend?
A) $600
B) $900
C) $1,500
D) $2,100
Correct Answer:

Verified
Correct Answer:
Verified
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