Touchie MacFeelie's Production Function Is 0

question 19

Multiple Choice

Touchie MacFeelie's production function is 0.1J^1/2 L^3/4, where J is the number of old jokes used and L is the number of hours of cartoonists' labor.Touchie is stuck with 400 old jokes for which he paid 2 dollars each.If the wage rate for cartoonists is 5 dollars, then the total cost of producing 54 comics books is

• A)1,205 dollars.
• B)1,807.50 dollars.
• C)602.50 dollars.
• D)1,259 dollars.
• E)301.25 dollars.

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Definitions:

Ag+

A silver ion, typically carrying a single positive charge, often used in silver compounds or in photography.

Chlorine

A highly reactive halogen element used in water purification, disinfectants, and in the production of chlorinated compounds.

Formula

A mathematical or symbolic representation of relationships among entities or for solving a problem.

Ionic Compound

An ionic bonded substance formed from ions interconnected by electrostatic attractions.