Nadine Has a Production Function 4x1 + X2

question 42

Multiple Choice

Nadine has a production function 4x1 + x2. If the factor prices are $12 for factor 1 and $2 for factor 2, how much will it cost her to produce 30 units of output?

• A) $795
• B) $60
• C) $90
• D) $1,500
• E) $75

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Definitions:

Lack Purpose

A feeling or state wherein individuals or entities see no clear meaning, direction, or worthwhile goal in activities or life in general.

Functionalism

A theoretical perspective in sociology and anthropology that interprets each part of society in terms of how it contributes to the stability of the whole society.

Harmony

A state of balance and agreement in relationships or between different elements within a system.

Human Agency

The capacity of individuals to act independently and to make their own free choices.