Touchie MacFeelie's production function is 0.1J1/2 L3/4, where J is the number of old jokes used and L is the number of hours of cartoonists' labor.Touchie is stuck with 1,600 old jokes for which he paid 6 dollars each.If the wage rate for cartoonists is 5 dollars, then the total cost of producing 108 comics books is
A) 15,007.50 dollars.
B) 5,002.50 dollars.
C) 10,113 dollars.
D) 10,005 dollars.
E) 2,501.25 dollars.
Correct Answer:
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