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The Production Function Is F (L, M) = 4

question 41

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The production function is f (L, M) = 4 The production function is f (L, M)  = 4   , 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 $16 per unit, then the total cost of producing 5 units of output will be A)  $70. B)  $162.50. C)  $80. D)  $140. E)  None of the above. , 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 $16 per unit, then the total cost of producing 5 units of output will be


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