Nadine Has a Production Function 2x1 + X2

question 12

Multiple Choice

Nadine has a production function 2x1 + x2.If the factor prices are $8 for factor 1 and $5 for factor 2, how much will it cost her to produce 70 units of output?

• A)$1,470
• B)$280
• C)$350
• D)$910
• E)$315

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Definitions:

Principle Of Continuity

A guideline in psychology stating that individuals prefer perceptions of connected and continuous figures to disconnected and disjointed ones.

Perceptual Tendency

The inclination to perceive or interpret information in a particular way based on prior experiences and expectations.

Linear Perspective

A technique in drawing and painting where parallel lines seem to converge as they recede towards a single point on the horizon, creating an illusion of depth.

Depth Cue

A signal in our environment, either binocular or monocular, that provides information about distance or depth.