Upon Opening a Printing and Copy Shop, a Firm Budgets

question 50

Multiple Choice

Upon opening a printing and copy shop, a firm budgets $40,000 for copy machines and labor. If the price of labor is $5 per hour and the firm can afford to operate its copy machine for 5,000 hours if it hires no labor, the slope of an isocost line when labor is measured on the horizontal axis is

• A) -5/8
• B) -8/5
• C) -1/5
• D) -5
• E) -1/4

---

Definitions:

Yan Liben

A celebrated Chinese painter and government official of the Tang Dynasty, known for his portraits of prominent figures.

Joseon Dynasty

A Korean dynastic kingdom that lasted for approximately five centuries, noted for its cultural achievements and advancements.

Seoul

The capital and largest city of South Korea, known for its vibrant culture, historical landmarks, and advanced technology.

Gyeonbok Palace

A royal palace located in Seoul, South Korea, which was the main palace of the Joseon dynasty.