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In the Short Run, a Firm Which Has Production Function

Question 51

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 $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. 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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