Multiple Choice
The production function is f (L, M) = 4L1/2M1/2, where L is the number of units of labor and M is the number of machines used.If the cost of labor is $49 per unit and the cost of machines is $16 per unit, then the total cost of producing 5 units of output will be
A) $70.
B) $162.50.
C) $80.
D) $140.
E) None of the above.
Correct Answer:

Verified
Correct Answer:
Verified
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