Problem
Suppose Noah and Naomi's short-run weekly production function for garden benches is F(L) = (3/2)L, where L represents the number of hours of labor employed. The wage rate is $15 an hour. What is their short-run cost function?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.