In the short run, a firm which has production function f(L, M)=4L^1/2M^1/2 must use 4 machines.If the cost of labor is $4 per unit and the cost of machines is $10 per unit, the short-run total cost of producing 72 units of output is A)$504. B)$288. C)$720. D)$728. E)$364.

Question

Quizplus · Accepted Answer

The Answer of In the short run, a firm which has production function f(L, M)=4L^1/2M^1/2 must use 4 machines.If the cost of labor is $4 per unit and the cost of machines is $10 per unit, the short-run total cost of producing 72 units of output is A)$504. B)$288. C)$720. D)$728. E)$364.

In the Short Run, a Firm Which Has Production Function