Scenario 7.3:
Use the production function: Q = 4L 1/2 K 1/2 .
-Refer to Scenario 7.3. What is the total cost of producing 200 units of output?
A) 100
B) 1000
C) 1500
D) 2000
E) none of the above

Question

Quizplus · Accepted Answer

The Answer of Scenario 7.3:
Use the production function: Q = 4L 1/2 K 1/2 .
-Refer to Scenario 7.3. What is the total cost of producing 200 units of output?
A) 100
B) 1000
C) 1500
D) 2000
E) none of the above

Scenario 7.3: Use the Production Function: Q = 4L1/2K1/2

Scenario 7.3: Use the Production Function: Q = 4L^1/2K^1/2