The Production Function Is F(L, M)= 4L^1/2 M^1/2, Where L

question 8

Multiple Choice

the production function is f(L, M) = 4L^1/2 M^1/2, where L is the number of units of labor and M is the number of machines used.If the cost of labor is $49 per unit and the cost of machines is $25 per unit, then the total cost of producing 7 units of output will be

• A)$122.50.
• B)$259.
• C)$175.
• D)$245.
• E)None of the above.

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