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A firm needs 30 units of output x, and has a production function x= K +...

A firm needs 30 units of output x, and has a production function x= K + 3L, where the price of both L & K is $5. What is the total cost?

A. 35

B. 50

C. 65

D. 75

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Answer #1

Since; Total Cast - Six Cost if Variable cost (TC) - (TC = (res tiestea bot (k+ 32) ito = 3ot (k+3L) then kis L25 TE2 30t (5 + 3x5) - 30420 iTC $50 IBIL

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