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:

Physiological Needs

Basic necessities required for human survival, such as food, water, shelter, and air.

Security Needs

The requirements necessary to protect physical or informational assets from threats.

Employee Satisfaction

Employee satisfaction is the level of contentment employees feel towards their job, work environment, and organizational policies, which can affect productivity and retention.

Job Ranking Method

A simple evaluation system where jobs are ranked in order based on their perceived value or complexity.