Multiple Choice
In the following graph,the price of capital is $12 per unit.How many units of labor should the firm use in order to produce 200 units of output at the least cost?
A) 12 units of labor
B) 18 units of labor
C) 30 units of labor
D) 40 units of labor
E) 22 units of labor
Correct Answer:
Verified
Related Questions
Q52: The slope of an isoquant is
A)-∆K/∆L.
B)MPL /
Q52: Q54: Q55: Q57: Which of the following statements is true? Q58: The marginal rate of technical substitution is Q60: In the following graph,the price of capital Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)In
A)the