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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