Nadine has a production function 2x1 + x2.If the factor prices are $8 for factor 1 and $5 for factor 2, how much will it cost her to produce 70 units of output?
A)$1,470
B)$280
C)$350
D)$910
E)$315

Question

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The Answer of Nadine has a production function 2x1 + x2.If the factor prices are $8 for factor 1 and $5 for factor 2, how much will it cost her to produce 70 units of output?
A)$1,470
B)$280
C)$350
D)$910
E)$315

Nadine Has a Production Function 2x1 + X2