Suppose that Nadine in Problem 1 has a production function 5x₁ + x₂. If the factor prices are $10 for factor 1 and $3 for factor 2, how much will it cost her to produce 70 units of output? A) $1,960 B) $3,710 C) $140 D) $210 E) $175

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The Answer of Suppose that Nadine in Problem 1 has a production function 5x₁ + x₂. If the factor prices are $10 for factor 1 and $3 for factor 2, how much will it cost her to produce 70 units of output? A) $1,960 B) $3,710 C) $140 D) $210 E) $175

Suppose That Nadine in Problem 1 Has a Production Function