Suppose That Nadine Has a Production Function 3x₁ +X₂

question 17

Multiple Choice

Suppose that Nadine has a production function 3x₁ +x₂.If the factor prices are $12 for factor 1 and $3 for factor 2, how much will it cost her to produce 20 units of output?

• A)$430
• B)$780
• C)$60
• D)$80
• E)$70

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