Amount of variable factor

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A firm has fixed costs of $5,000. Its short-run production function is y=2x^(1/2), where x is the amount of variable factor it uses.

The price of the variable factor is $80 per unit.

Where y is the amount of output, the short-run total cost function is

a. 5,000 + 5y2

b. 5,000 + 20y2

c. 5,000/y +500

d. y2/4

e. 5,000 + 500y

Reference no: EM131850796

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