In the Short Run, a Firm Which Has Production Function

question 43

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 $4 per unit, the short-run total cost of producing 48 units of output is

• A)$192.
• B)$196.
• C)$198.
• D)$320.
• E)$160.

---

Definitions:

Handheld Devices

Handheld devices are compact, portable gadgets such as smartphones, tablets, and personal digital assistants, designed for ease of use and mobility.

Inhalation Medications

Medicines that are delivered and absorbed through the respiratory tract by being inhaled as aerosols, powders, or gases.

Metered-Dose Inhaler

A device that delivers a specific amount of medication to the lungs, commonly used for conditions such as asthma or chronic obstructive pulmonary disease (COPD).

Spacer Benefit

An advantage associated with the use of a spacer device with inhalers, improving the delivery of medication to the lungs.