Refer to the following figure:
The price of capital is $50 per unit.
-What is the minimum cost of producing 1,200 units of output?
A) $7,000
B) $8,000
C) $9,000
D) $10,000
E) $11,000

Question

Refer to the following figure:
  The price of capital is $50 per unit.
-What is the minimum cost of producing 1,200 units of output?
A) $7,000 
B) $8,000 
C) $9,000 
D) $10,000 
E) $11,000

Quizplus · Accepted Answer

The Answer of Refer to the following figure:
  The price of capital is $50 per unit.
-What is the minimum cost of producing 1,200 units of output?
A) $7,000 
B) $8,000 
C) $9,000 
D) $10,000 
E) $11,000

Refer to the Following Figure