Multiple Choice
Suppose that Nadine has a production function 3x1 + x2.If the factor prices are $3 for factor 1 and $3 for factor 2, how much will it cost her to produce 80 units of output?
A) $960
B) $80
C) $240
D) $600
E) $160
Correct Answer:
Verified
Correct Answer:
Verified
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