Nadine has a production function 4x1 + x2. If the factor prices are $12 for factor 1 and $2 for factor 2, how much will it cost her to produce 30 units of output?
A) $795
B) $60
C) $90
D) $1,500
E) $75

Question

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The Answer of Nadine has a production function 4x1 + x2. If the factor prices are $12 for factor 1 and $2 for factor 2, how much will it cost her to produce 30 units of output?
A) $795
B) $60
C) $90
D) $1,500
E) $75

Nadine Has a Production Function 4x1 + X2