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    Intermediate Microeconomics Study Set 1
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    Exam 19: Cost Minimization-Part B
  5. Question
    Al's Production Function for Deer Is F(x<sub>1</sub>, X<sub>2</sub>)= (2x<sub>1</sub>
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Al's Production Function for Deer Is F(x1, X2)= (2x1

Question 2

Question 2

Multiple Choice

Al's production function for deer is f(x1, x2) = (2x1 + x2) 1/2, where x1 is the amount of plastic and x2 is the amount of wood used.If the cost of plastic is $8 per unit and the cost of wood is $1 per unit, then the cost of producing 7 deer is


A) $49.
B) $119.
C) $196.
D) $7.
E) $28.

Correct Answer:

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