The Production Function Is F (L, M)=5L^1/2M^1/2, Where L Is

question 20

Multiple Choice

The production function is f (L, M) =5L^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 $9 per unit and the cost of using machines is $64 per machine, then the total cost of producing 12 units of output is

• A)$438.
• B)$108.
• C)$576.
• D)$115.20.
• E)$57.60.

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