Multiple Choice
Suppose that Nadine has a production function 5x1 + x2.If the factor prices are $10 for factor 1 and $3 for factor 2, how much will it cost her to produce 70 units of output?
A) $1,960
B) $3,710
C) $140
D) $210
E) $175
Correct Answer:
Verified
Correct Answer:
Verified
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