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 2 dollars each.If the wage rate for cartoonists is 5 dollars, then the total cost of producing 54 comics books is
A) 1,205 dollars.
B) 1,807.50 dollars.
C) 602.50 dollars.
D) 1,259 dollars.
E) 301.25 dollars.
Correct Answer:
Verified
Correct Answer:
Verified
Q14: Mary Magnolia has variable costs equal
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Q16: Recall that Touchie McFeelie's production function for
Q17: if Mr.Dent Carr's total costs were 2s<sup>2</sup>
Q18: if Mr.Dent Carr's total costs were 2s<sup>2</sup>
Q20: Mary Magnolia has variable costs equal
Q21: Rex Carr could pay $10 for a
Q22: if Mr.Dent Carr's total costs were 4s<sup>2</sup>
Q23: Recall that Touchie McFeelie's production function for
Q24: Touchie MacFeelie's production function is 0.1J<sup>1/2</sup> L<sup>3/4</sup>,