Touchie McFeelie's production function for comic books is (0.1) , where J is the number of jokes and L is the number of hours of cartoonists labor that he uses. If Touchie can vary both jokes and cartoonists' labor and if old jokes cost $2 each and cartoonists' labor costs $18 per hour, then the cheapest way to produce comics books requires using jokes and labor in the ratio =
A)3
B)12
C)9
D).2/3
E) 6.

Question

Touchie McFeelie's production function for comic books is (0.1)  , where J is the number of jokes and L is the number of hours of cartoonists labor that he uses. If Touchie can vary both jokes and cartoonists' labor and if old jokes cost $2 each and cartoonists' labor costs $18 per hour, then the cheapest way to produce comics books requires using jokes and labor in the ratio  =
A)3 
B)12 
C)9 
D).2/3 
E) 6.

Quizplus · Accepted Answer

The Answer of Touchie McFeelie's production function for comic books is (0.1)  , where J is the number of jokes and L is the number of hours of cartoonists labor that he uses. If Touchie can vary both jokes and cartoonists' labor and if old jokes cost $2 each and cartoonists' labor costs $18 per hour, then the cheapest way to produce comics books requires using jokes and labor in the ratio  =
A)3 
B)12 
C)9 
D).2/3 
E) 6.

Touchie McFeelie's Production Function for Comic Books Is (0