Multiple Choice
the production function is f(L, M) = 4L1/2 M1/2, where L is the number of units of labor and M is the number of machines used.If the cost of labor is $49 per unit and the cost of machines is $25 per unit, then the total cost of producing 7 units of output will be
A) $122.50.
B) $259.
C) $175.
D) $245.
E) None of the above.
Correct Answer:

Verified
Correct Answer:
Verified
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