QUESTION 13 Suppose that in the short run, the firm which has production function 11 must use 9 F(L, M)=4L2 M² machines. If the cost of labor is $5 per unit and the cost of machines is $5 per unit, the short-run total cost of producing 108 units of output is a. $450.

QUESTION 13 Suppose that in the short run, the firm which has production function 11 must use 9 F(L, M)=4L2 M² machines. If the cost of labor is $5 per unit and the cost of machines is $5 per unit, the short-run total cost of producing 108 units of output is a. $450.

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Chapter1: Making Economics Decisions

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