In the Short Run, a Firm Which Has Production Function

question 35

Multiple Choice

In the short run, a firm which has production function f(L, M) =4L^1/2M^1/2 must use 4 machines.If the cost of labor is $4 per unit and the cost of machines is $10 per unit, the short-run total cost of producing 72 units of output is

• A)$504.
• B)$288.
• C)$720.
• D)$728.
• E)$364.

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