Touchie McFeelie from Your Workbook Has a Production Function (0

question 45

Multiple Choice

Touchie McFeelie from your workbook has a production function (0.1) J^1/2 J^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 4 dollars each.If the hourly wage rate for cartoonists is 5 dollars, then the total cost of producing 16 comics books is

• A)1,680 dollars.
• B)840 dollars.
• C)2,520 dollars.
• D)1,696 dollars.
• E)420 dollars.

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Definitions:

Hockey Pucks And Hockey Sticks

Items used in the sport of hockey, with the puck being the object teams attempt to score with, and the stick used to hit the puck.

Necessity

A good or service that is essential for survival and basic well-being, such as food or shelter.

Price-Inelastic

Describes a situation where the demand for a product or service is relatively unaffected by changes in its price.

Water

A transparent, tasteless, odorless, and nearly colorless chemical substance that is the main constituent of Earth's hydrosphere and the fluids of most living organisms.