Suppose that Nadine has a production function 5x1 + x2.If the factor prices are $10 for factor 1 and $3 for factor 2, how much will it cost her to produce 70 units of output?
A) $1,960
B) $3,710
C) $140
D) $210
E) $175
Correct Answer:
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Q1: the production function is f(L, M)= 4L1/2
Q2: Suppose that in the short run, the
Q3: Suppose that Nadine has a production
Q4: suppose that a new alloy is invented
Q5: Suppose that Nadine has a production
Q7: the production function is f(L, M)=
Q8: Suppose that in the short run, the
Q9: the production function is f(L, M)= 4L1/2
Q10: suppose that a new alloy is invented
Q11: Suppose that Nadine has a production
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