Suppose that in the short run, the firm which has production function F(L, M)= 4L^1/2M^1/2 must use 9 machines.If the cost of labor is $7 per unit and the cost of machines is $9 per unit, the short-run total cost of producing 96 units of output is A)$1,058. B)$672. C)$864. D)$768. E)$529.

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The Answer of Suppose that in the short run, the firm which has production function F(L, M)= 4L^1/2M^1/2 must use 9 machines.If the cost of labor is $7 per unit and the cost of machines is $9 per unit, the short-run total cost of producing 96 units of output is A)$1,058. B)$672. C)$864. D)$768. E)$529.

Suppose That in the Short Run, the Firm Which Has