In Problem 3, the production function is f(L, M) , where L is the number of units of labor and M is the number of machines used. If the cost of labor is $9 per unit and the cost of machines is $81 per unit, then the total cost of producing 10 units of output will be
A) $270.
B) $90.
C) $135.
D) $450.
E) None of the above.

Question

In Problem 3, the production function is f(L, M)  , where L is the number of units of labor and M is the number of machines used. If the cost of labor is $9 per unit and the cost of machines is $81 per unit, then the total cost of producing 10 units of output will be
A) $270. 
B) $90. 
C) $135. 
D) $450. 
E) None of the above.

Quizplus · Accepted Answer

The Answer of In Problem 3, the production function is f(L, M)  , where L is the number of units of labor and M is the number of machines used. If the cost of labor is $9 per unit and the cost of machines is $81 per unit, then the total cost of producing 10 units of output will be
A) $270. 
B) $90. 
C) $135. 
D) $450. 
E) None of the above.

In Problem 3, the Production Function Is F(L, M)