Multiple Choice
Touchie McFeelie's production function for comic books is (0.1) J1/2 J3/4, where J is the number of jokes and L is the number of hours of cartoonists labor that he uses.If Touchie can vary both jokes and cartoonists' labor and if old jokes cost $2 each and cartoonists' labor costs $18 per hour, then the cheapest way to produce comics books requires using jokes and labor in the ratio J/L =
A) 3.
B) 12.
C) 9.
D) 2/3.
E) 6.
Correct Answer:

Verified
Correct Answer:
Verified
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