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 0.1J1/2L3/4, where J is the number of old jokes used and L is the number of hours of cartoonists' labor. Touchie is stuck with 1,600 old jokes for which he paid 3 dollars each. If the wage rate for cartoonists is 2 dollars, then the total cost of producing 108 comics books is
Question 3Answer
a.
2,481 dollars.
b.
5,070 dollars.
c.
4,962 dollars.
d.
7,443 dollars.
e.
1,240.50 dollars.

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