In the Short Run, a Firm Which Has Production Function

question 43

Multiple Choice

In the short run, a firm which has production function f(L, M) =4L^1/2M^1/2 must use 4 machines.If the cost of labor is $4 per unit and the cost of machines is $4 per unit, the short-run total cost of producing 48 units of output is

• A)$192.
• B)$196.
• C)$198.
• D)$320.
• E)$160.

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Definitions:

Morphogenesis

The development of the form and structures of an organism and its parts; proceeds through a series of steps known as pattern formation.

Electrical Shock

The physiological reaction or injury caused by electric current passing through the body, potentially resulting in anything from a slight tingling sensation to immediate cardiac arrest.

Cell Division

The process by which a cell divides into two or more cells, a fundamental process for growth, repair, and reproduction in organisms.

Fusion

The process of merging or combining two or more entities into one, which can occur in biological, chemical, or physical contexts.