The production function Q = KL + M has marginal products MPK = L, MPL = K,

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The production function Q = KL + M has marginal products MPK = L, MPL = K, and MPM = 1. The input prices of K, L, and M are 4, 16, and 1, respectively. The firm is operating in the long run. What is the long-run total cost of producing 400 units of output?
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Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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