Nadine Has a Production Function 2x1 + X2

question 43

Multiple Choice

Nadine has a production function 2x1 + x2. If the factor prices are $8 for factor 1 and $5 for factor 2, how much will it cost her to produce 70 units of output?

• A) $1,470
• B) $280
• C) $350
• D) $910
• E) $315

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Definitions:

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The federal agency responsible for administering tax laws for the Government of Canada and for most provinces and territories.

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Cash Flow

This represents the total amount of money being transferred in and out of a business, especially in terms of operational, investment, and financing activities.