Multiple Choice
Touchie MacFeelie's production function is 0.1J1/2 L3/4, where J is the number of old jokes used and L is the number of hours of cartoonists' labor.Touchie is stuck with 400 old jokes for which he paid 4 dollars each.If the wage rate for cartoonists is 3 dollars, then the total cost of producing 128 comics books is
A) 2,368 dollars.
B) 1,184 dollars.
C) 3,552 dollars.
D) 2,496 dollars.
E) 592 dollars.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Recall that Touchie McFeelie's production function for
Q2: Mary Magnolia has variable costs equal to
Q3: if Mr.Dent Carr's total costs were 2s<sup>2</sup>
Q5: Recall that Touchie McFeelie's production function for
Q6: Rex Carr could pay $10 for a
Q7: Rex Carr could pay $10 for
Q8: Touchie MacFeelie's production function is 0.1J<sup>1/2</sup> L<sup>3/4</sup>,
Q9: Mary Magnolia has variable costs equal to
Q10: if Mr.Dent Carr's total costs were 5s<sup>2</sup>
Q11: Rex Carr could pay $10 for