Suppose That in the Short Run, the Firm Which Has

question 13

Multiple Choice

Suppose that in the short run, the firm which has production function F(L, M) = 4L^1/2M^1/2 must use 9 machines.If the cost of labor is $5 per unit and the cost of machines is $6 per unit, the short-run total cost of producing 84 units of output is

• A)$598.
• B)$420.
• C)$462.
• D)$504.
• E)$299.

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Definitions:

Environments

The various physical and social settings in which individuals, organizations, and systems operate.

Contingencies

Conditions or events that are not certain to occur but may have a significant impact if they do.

Organizational Structure

Organizational structure outlines how activities such as task allocation, coordination, and supervision are directed toward the achievement of organizational aims, defining how job roles and responsibilities are distributed.

Integrator Roles

Positions or responsibilities in an organization that involve coordinating and synthesizing information across different departments to ensure aligned and efficient operations.