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Suppose that in the short run, the firm which has production functionF(L, M) = 4L 1/2 M 1/2 must use 9 machines. If the cost
Suppose that in the short run, the firm which has production functionF(L, M) = 4L1/2M1/2must use 9 machines. If the cost of labor is $5 per unit and the cost of machines is $5 per unit, the short-run total cost of producing 108 units of output is
a. $900
b. $540
c. $500
d. $450
e. $600
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