6) As assistant vice president in charge of production for a computer firm, you are asked to calculate the cost of producing 200 computers. The production function is $y=$ $\min \left\{x_{1}, 2 x_{2}\right\}$ where $x_{1}$ and $x_{2}$ are the amounts of two factors used. The price of $x_{1}$ is $\$ 10$ and the price of $x_{2}$ is $\$ 16$. What is your answer? a. $\$ 3,600$ b. $\$ 3,800$ c. $\$ 4,200$ d. $\$ 7,200$ e. $\$ 8,400$

Public Answer

WJOIB3 The First Answerer