Suppose that Nadine in Problem 1 has a production function 4x₁ + x₂. If the factor prices are $4 for factor 1 and $2 for factor 2, how much will it cost her to produce 70 units of output? A) $700 B) $1,260 C) $140 D) $70 E) $105

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The Answer of Suppose that Nadine in Problem 1 has a production function 4x₁ + x₂. If the factor prices are $4 for factor 1 and $2 for factor 2, how much will it cost her to produce 70 units of output? A) $700 B) $1,260 C) $140 D) $70 E) $105

Suppose That Nadine in Problem 1 Has a Production Function