What is the short-run total cost of producing output, Microeconomics

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What is the short-run total cost of producing output

Problem

The production function Q = KL+ M has marginal products MP_K = L, MP_L= K, and MP_M = 1. The input prices of K, L, and M are 4, 16, and 1, respectively. The firm is operating in the short run, with K fixed at 20 units and M fixed at 40. What is the short-run total cost of producing 400 units of output?

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.

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