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Your task is to compute the cost of producing 170 computers. The production function is q = min{r,y} where I and y are the amounts of two factors used. The price of r is $18 and the price of y is

Your task is to compute the cost of producing 170 computers. The production function is q = min{r,y} where I and y are the amounts of two factors used. The price of r is $18 and the price of y is $10. What is your answer? $2,580 $4,760 $8,460 56,180 O None of the above.

Apr 12 2021 View more View Less

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