Suppose That in the Short Run, the Firm Which Has

question 20

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 $7 per unit and the cost of machines is $9 per unit, the short-run total cost of producing 96 units of output is

• A)$1,058.
• B)$672.
• C)$864.
• D)$768.
• E)$529.

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Definitions:

Ana-

A prefix in medical terminology meaning "up," "back," "again," or "excessive."

Inter-

Inter- is a prefix meaning between or among, indicating interaction or interconnectedness when used in compound words.

Between

in the interval separating (two points, objects, or times).

Prefix

An affix placed before the stem of a word to modify its meaning, such as "un-" in "unhappy" or "pre-" in "preview."