Refer to the graph shown. If labor costs $10 per unit and machines cost $15 per unit, the economically efficient cost of producing 500 units of output is:
A)$100.
B)$150.
C)$300.
D)impossible to determine using the information given.

Question

Refer to the graph shown. If labor costs $10 per unit and machines cost $15 per unit, the economically efficient cost of producing 500 units of output is: 
A)$100. 
B)$150. 
C)$300. 
D)impossible to determine using the information given.

Quizplus · Accepted Answer

The Answer of Refer to the graph shown. If labor costs $10 per unit and machines cost $15 per unit, the economically efficient cost of producing 500 units of output is: 
A)$100. 
B)$150. 
C)$300. 
D)impossible to determine using the information given.

Refer to the Graph Shown