Touchie MacFeelie's production function is , where J is the number of old jokes used and L is the number of hours of cartoonists' labor. Touchie is stuck with 1,600 old jokes for which he paid 6 dollars each. If the wage rate for cartoonists is 5 dollars, then the total cost of producing 108 comics books is
A) 15,007.50 dollars.
B) 5,002.50 dollars.
C) 10,113 dollars.
D) 10,005 dollars.
E) 2,501.25 dollars.

Question

Touchie MacFeelie's production function is  , where J is the number of old jokes used and L is the number of hours of cartoonists' labor. Touchie is stuck with 1,600 old jokes for which he paid 6 dollars each. If the wage rate for cartoonists is 5 dollars, then the total cost of producing 108 comics books is
A) 15,007.50 dollars. 
B) 5,002.50 dollars. 
C) 10,113 dollars. 
D) 10,005 dollars. 
E) 2,501.25 dollars.

Quizplus · Accepted Answer

The Answer is D

Touchie MacFeelie's Production Function Is , Where J Is