Multiple Choice
Suppose that Nadine has a production function 4x1 + x2.If the factor prices are $4 for factor 1 and $2 for factor 2, how much will it cost her to produce 70 units of output?
A) $700
B) $1,260
C) $140
D) $70
E) $105
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q2: Al's production function for deer is f(x<sub>1</sub>,
Q3: Suppose that in the short run, the
Q4: Al's production function for deer is f(x<sub>1</sub>,
Q5: suppose that a new alloy is invented
Q6: the production function is f(L, M)= 4L<sup>1/2</sup>
Q8: the production function is f(L, M)= 4L<sup>1/2</sup>
Q9: Two firms, Wickedly Efficient Widgets (WEW)and Wildly
Q10: Al's production function for deer is f(x<sub>1</sub>,
Q11: Suppose that in the short run, the
Q12: the production function is f(L, M)= 4L<sup>1/2</sup>