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

question 41

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 used.If the cost of labor is $36 per unit and the cost of machines is $4 per unit, then the total cost of producing 6 units of output will be

• A)$72.
• B)$36.
• C)$120.
• D)$24.
• E)None of the above.

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Union Grievance

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Arbitrator

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