Nadine Has a Production Function 4x1 + X2

question 37

Multiple Choice

Nadine has a production function 4x1 + x2.If the factor prices are $12 for factor 1 and $2 for factor 2, how much will it cost her to produce 30 units of output?

• A)$795
• B)$60
• C)$90
• D)$1,500
• E)$75

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Definitions:

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