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 $5 per unit and the cost of machines is $5 per unit, the short-run total cost of producing 108 units of output is
A) $900
B) $540
C) $540.
D) $450
Correct Answer:
Verified
Correct Answer:
Verified
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