Refer to the following:
The price of labor is $15 per unit.
-Which of the following combinations of capital and labor lies on the expansion path?
A) 15K, 40L
B) 18K, 40L
C) 30K, 100L
D) 21K, 60L
E) none of the above

Question

Refer to the following:
  The price of labor is $15 per unit.
-Which of the following combinations of capital and labor lies on the expansion path?
A) 15K, 40L 
B) 18K, 40L 
C) 30K, 100L 
D) 21K, 60L 
E) none of the above

Quizplus · Accepted Answer

The Answer of Refer to the following:
  The price of labor is $15 per unit.
-Which of the following combinations of capital and labor lies on the expansion path?
A) 15K, 40L 
B) 18K, 40L 
C) 30K, 100L 
D) 21K, 60L 
E) none of the above

Refer to the Following