Question: Touchie MacFeelie's production function is 0 . 1 J 1 / 2 L 3 / 4 , where J is the number of old jokes
Touchie MacFeelie's production function is JL where J is the number of old jokes used and L is the number of hours of cartoonists' labor. Touchie is stuck with old jokes for which he paid dollars each. If the wage rate for cartoonists is dollars, then the total cost of producing comics books is
Question Answer
a
dollars.
b
dollars.
c
dollars.
d
dollars.
e
dollars.
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