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:

Anticline

A type of fold in sedimentary strata that appears as an arch-like structure, with the oldest layers at its core.

Strike-Slip Fault

A type of fault where the movement of the Earth's crust is primarily horizontal, parallel to the fault line.

Thrust Fault

A type of fault where rock strata are pushed upwards on one side due to compressional forces.

Normal Fault

A type of fault where the hanging wall slides downward relative to the footwall due to tensile stress in the Earth's crust.