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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Definitions:

Inverts

Informal term for invertebrates, which are animals that do not have a backbone or spinal column.

Longest Muscle

The Sartorius muscle, extending from the hip to the knee, recognized as the longest muscle in the human body.

Sartorius

The longest muscle in the human body, running from the hip to the knee, and aiding in flexing, abduction, and lateral rotation of the thigh.

Biceps Femoris

A muscle of the thigh located at the back of the leg, part of the hamstrings group, involved in knee flexion and thigh extension.