In the following graph,the price of capital is $100 per unit.If a firm decides that total cost must not exceed $3,500,what is the maximum amount of output it can produce?
A)100
B)500
C)1,000
D)1,500
E)none of the above

Question

Quizplus · Accepted Answer

The maximum amount of output that can be produced is 1,000 units. This is because the total cost of producing 1,000 units is $3,500, which is the maximum amount of cost that the firm has allowed.

In the Following Graph,the Price of Capital Is $100 Per