The American Economic Association limiting its presidential vote to only one candidate is an example of agenda control.
a. True b. False
Question 2
A firm produces output according to the production function, q = L4/3K1/2 and faces input prices equal to w = 20 and r = 80. What is the minimum cost of producing 1140 units of output?
A) Cost = 780.
B) Cost = 694
C) Cost = 2,071.
D) Not enough information is given to answer this problem.
