Refer to the following figure:
The price of capital is $50 per unit.
-What is the minimum cost of producing 400 units of output?
A) $3,000
B) $4,000
C) $5,000
D) $6,000
E) none of the above

Question

Refer to the following figure:
  The price of capital is $50 per unit.
-What is the minimum cost of producing 400 units of output?
A) $3,000 
B) $4,000 
C) $5,000 
D) $6,000 
E) none of the above

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 400 units of output?
A) $3,000 
B) $4,000 
C) $5,000 
D) $6,000 
E) none of the above

Refer to the Following Figure