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

question 48

Multiple Choice

The production function is f (L, M) =4L^1/2M^1/2, where L is the number of units of labor and M is the number of machines.If the amounts of both factors can be varied and if the cost of labor is $64 per unit and the cost of using machines is $1 per machine, then the total cost of producing 20 units of output is

• A)$80.
• B)$650.
• C)$20.
• D)$320.
• E)$40.

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