Multiple Choice
Suppose that in the short run, the firm which has production function F(L, M) = 4L1/2M1/2 must use 9 machines.If the cost of labor is $10 per unit and the cost of machines is $4 per unit, the short-run total cost of producing 60 units of output is
A) $420.
B) $600.
C) $240.
D) $572.
E) $286.
Correct Answer:
Verified
Correct Answer:
Verified
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