Suppose That in the Short Run, the Firm in Problem

question 10

Multiple Choice

Suppose that in the short run, the firm in Problem 3 which has production function F(L, M) must use 9 machines. If the cost of labor is $7 per unit and the cost of machines is $9 per unit, the short-run total cost of producing 96 units of output is

• A) $1,058.
• B) $672.
• C) $864.
• D) $768.
• E) $529.

---

Definitions:

Company's Name

The distinctive designation of a business, under which it operates and is legally registered.

Target Market

designates a specific group of consumers at which a company aims its products or services.

Reminder Institutional

An advertising strategy aimed at reminding consumers about the existence and benefits of an institution, typically used to reinforce brand identity and loyalty.

U.S. Army

The land warfare service branch of the United States Armed Forces responsible for land-based military operations.