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 1,600 old jokes for which he paid 3 dollars each.If the wage rate for cartoonists is 2 dollars, then the total cost of producing 108 comics books is
A) 2,481 dollars.
B) 5,070 dollars.
C) 4,962 dollars.
D) 7,443 dollars.
E) 1,240.50 dollars.
Correct Answer:

Verified
Correct Answer:
Verified
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