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Business, 02.07.2019 03:10 sugakookies1

The production function is f (l, m) = 4l1/2m1/2, where l is the number of units of labor and m is the number of machines used. if the cost of labor is $36 per unit and the cost of machines is $4 per unit, then the total cost of producing 6 units of output will be:

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The production function is f (l, m) = 4l1/2m1/2, where l is the number of units of labor and m is th...
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