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

question 12

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 $49 per unit and the cost of machines is $36 per unit, then the total cost of producing 4 units of output will be

• A)$84.
• B)$170.
• C)$144.
• D)$168.
• E)None of the above.

Analyze financial trends from vertical analysis of income statements.

Calculate the book value of assets after accounting for depreciation.

Understand the concept and purpose of a chart of accounts.

Grasp the fundamental principles of debits and credits in accountancy.

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