Multiple Choice
Touchie McFeelie's production function for comic books is (0.1)
, where J is the number of jokes and L is the number of hours of cartoonists labor that he uses. If Touchie can vary both jokes and cartoonists' labor and if old jokes cost $2 each and cartoonists' labor costs $18 per hour, then the cheapest way to produce comics books requires using jokes and labor in the ratio
=
A) 3
B) 12
C) 9
D) .2/3
E) 6.
Correct Answer:

Verified
Correct Answer:
Verified
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