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.

Question

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.

Quizplus · Accepted Answer

The Answer of 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.

In the Short Run, a Firm Which Has Production Function