Find the Minimum Cost of Producing 60,000 Units of a Product

question 16

Multiple Choice

Find the minimum cost of producing 60,000 units of a product , where x is the number of units of labor (at $80 per unit) and y is the number of units of capital (at $40 per unit) . Round your answer to the nearest cent.

• A) $190,278.22
• B) $62,746.50
• C) $37,020.43
• D) $112,264.15
• E) $55,724.88

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Definitions:

Number Field

A data field designed to contain numerical entries, often used in databases and forms to ensure data consistency and facilitate calculations.

Store Values

A concept in programming where data is saved in a variable or a data storage location.

Money

A medium of exchange in the form of coins and banknotes; used to facilitate transactions for goods and services.

Lookup Field

A field in a database that matches data from one table to relevant information in another, facilitating data retrieval and relationships within the database.