Suppose That in the Short Run, the Firm Which Has

question 3

Multiple Choice

Suppose that in the short run, the firm which has production function F(L, M) = 4L^1/2M^1/2 must use 9 machines.If the cost of labor is $10 per unit and the cost of machines is $4 per unit, the short-run total cost of producing 60 units of output is

• A)$420.
• B)$600.
• C)$240.
• D)$572.
• E)$286.

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Definitions:

Public Clouds

Cloud computing services offered over the internet that are available to anyone who wants to purchase or use them.

Private Clouds

Computing services offered over the Internet or a private internal network exclusively to select users, rather than the general public.

Utility Computing

A model where computing resources are provided as a metered service similar to a traditional public utility, like electricity.

Flat Rate

A pricing model in which a service is provided for a constant fee, irrespective of usage or duration.