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 $4 per unit, the short-run total cost of producing 48 units of output is A)$192. B)$196. C)$198. D)$320. E)$160.

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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 $4 per unit, the short-run total cost of producing 48 units of output is A)$192. B)$196. C)$198. D)$320. E)$160.

In the Short Run, a Firm Which Has Production Function