Suppose That Nadine in Problem 1 Has a Production Function

question 20

Multiple Choice

Suppose that Nadine in Problem 1 has a production function 5x₁ + x₂. If the factor prices are $10 for factor 1 and $3 for factor 2, how much will it cost her to produce 70 units of output?

• A) $1,960
• B) $3,710
• C) $140
• D) $210
• E) $175

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