Suppose That Nadine Has a Production Function 5x₁ + X₂

question 16

Multiple Choice

Suppose that Nadine 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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Definitions:

Fast Pain

A quick, sharp, immediate sensation of pain that alerts the body to potential harm, allowing for a rapid response.

Slow Pain

A type of pain sensation that is dull, aching, and lasts longer than fast pain, transmitted by unmyelinated C fibers.

Endure

To suffer something painful or difficult patiently over a period of time.

Free Refill

A policy or offer wherein customers can refill their beverage containers at no extra cost.