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In Problem 3, the production function is f(L, M) = 4L1/2M1/2, where L is the number...

In Problem 3, 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 $9 per unit and the cost of machines is $81 per unit, then the total cost of producing 10 units of output will be

a.

$270.
b.

$90.
c.

$135.
d.

$450.
e.

None of the above.

spet by step, please

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