Touchie McFeelie from Your Workbook Has a Production Function (0

question 17

Multiple Choice

Touchie McFeelie from your workbook has a production function (0.1) , where J is the number of old jokes used and L is the number of hours of cartoonists' labor. Touchie is stuck with 400 old jokes for which he paid 6 dollars each. If the hourly wage rate for cartoonists is 4 dollars, then the total cost of producing 16 comics books is

• A) 2,464 dollars.
• B) 1,232 dollars.
• C) 2,480 dollars.
• D) 3,696 dollars.
• E) 616 dollars.

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