Recall That Touchie McFeelie's Production Function for Comics Books Is

question 16

Multiple Choice

Recall that Touchie McFeelie's production function for comics books is 0.1J^1/2 L^3/4.Suppose that Touchie can vary both jokes and cartoonists' labor.If old jokes cost $3 each and cartoonists' labor costs $18 per hour, then the cheapest way to produce comics books requires using jokes and labor in the ratio

• A)J/L = 6.
• B)J/L = 8.
• C)J/L = 2.
• D)J/L = 2/3.
• E)J/L = 4.

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