The Production Function Is F(L, M)= 4L^1/2 M^1/2, Where L

question 22

Multiple Choice

the production function is f(L, M) = 4L^1/2 M^1/2, where L is the number of units of labor and M is the number of machines used.If the cost of labor is $100 per unit and the cost of machines is $16 per unit, then the total cost of producing 7 units of output will be

• A)$140.
• B)$406.
• C)$112.
• D)$280.
• E)None of the above.

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