Multiple Choice
Suppose that Nadine has a production function 4x1 + x2.If the factor prices are $12 for factor 1 and $2 for factor 2, how much will it cost her to produce 50 units of output?
A) $100
B) $2,500
C) $150
D) $1,325
E) $125
Correct Answer:
Verified
Correct Answer:
Verified
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