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 900 old jokes for which he paid 4 dollars each.If the wage rate for cartoonists is 6 dollars, then the total cost of producing 24 comics books is
A) 3,720 dollars.
B) 3,696 dollars.
C) 1,848 dollars.
D) 5,544 dollars.
E) 924 dollars.
Correct Answer:
Verified
Correct Answer:
Verified
Q15: Rex Carr could pay $10 for
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>
Q19: Touchie MacFeelie's production function is 0.1J<sup>1/2</sup> L<sup>3/4</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
Q25: Touchie MacFeelie's production function is 0.1J<sup>1/2</sup> L<sup>3/4</sup>,