Suppose that Nadine in Problem 1 has a production function 3x₁ + x₂. If the factor prices are $12 for factor 1 and $3 for factor 2, how much will it cost her to produce 20 units of output? A) $430 B) $780 C) $60 D) $80 E) $70

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The Answer of Suppose that Nadine in Problem 1 has a production function 3x₁ + x₂. If the factor prices are $12 for factor 1 and $3 for factor 2, how much will it cost her to produce 20 units of output? A) $430 B) $780 C) $60 D) $80 E) $70

Suppose That Nadine in Problem 1 Has a Production Function