Multiple Choice
Touchie McFeelie from your workbook has a production function (0.1) J1/2 J3/4, 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 hourly wage rate for cartoonists is 5 dollars, then the total cost of producing 16 comics books is
A) 1,680 dollars.
B) 840 dollars.
C) 2,520 dollars.
D) 1,696 dollars.
E) 420 dollars.
Correct Answer:

Verified
Correct Answer:
Verified
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