Suppose that in the short run, the firm in Problem 3 which has production function F(L, M) must use 4 machines. If the cost of labor is $10 per unit and the cost of machines is $6 per unit, the short-run total cost of producing 64 units of output is
A) $512.
B) $384.
C) $640.
D) $1,328.
E) $664.

Question

Suppose that in the short run, the firm in Problem 3 which has production function F(L, M)  must use 4 machines. If the cost of labor is $10 per unit and the cost of machines is $6 per unit, the short-run total cost of producing 64 units of output is
A) $512. 
B) $384. 
C) $640. 
D) $1,328. 
E) $664.

Quizplus · Accepted Answer

The Answer of Suppose that in the short run, the firm in Problem 3 which has production function F(L, M)  must use 4 machines. If the cost of labor is $10 per unit and the cost of machines is $6 per unit, the short-run total cost of producing 64 units of output is
A) $512. 
B) $384. 
C) $640. 
D) $1,328. 
E) $664.

Suppose That in the Short Run, the Firm in Problem