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In the Short Run, a Firm Which Has Production Function

Question 14

Multiple Choice

In the short run, a firm which has production function f (L, M) = 4 In the short run, a firm which has production function f (L, M) = 4 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. 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.

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