As assistant vice president in charge of production for a computer firm, you are asked to calculate the cost of producing 170 computers. The production function is q= min{x, y} where x and y are the amounts of two factors used. The price of x is $18 and the price of y is$10. What is your answer?
A) $2,580
B) $4,760
C) $8,460
D) $6,180
E) None of the above.

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The Answer of As assistant vice president in charge of production for a computer firm, you are asked to calculate the cost of producing 170 computers. The production function is q= min{x, y} where x and y are the amounts of two factors used. The price of x is $18 and the price of y is$10. What is your answer?
A) $2,580
B) $4,760
C) $8,460
D) $6,180
E) None of the above.

As Assistant Vice President in Charge of Production for a Computer