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Suppose That the Price of Labor ( ) Is

question 139

Multiple Choice

Suppose that the price of labor ( Suppose that the price of labor ( ) is $10 and the price of capital ( ) is $20. What is the equation of the isocost line corresponding to a total cost of $100? A) P<sub>L</sub> + 20P<sub>K </sub> B) 100 = 10L + 20K C) 100 = 30(L+K) D) 100 + 30 E) none of the above ) is $10 and the price of capital ( Suppose that the price of labor ( ) is $10 and the price of capital ( ) is $20. What is the equation of the isocost line corresponding to a total cost of $100? A) P<sub>L</sub> + 20P<sub>K </sub> B) 100 = 10L + 20K C) 100 = 30(L+K) D) 100 + 30 E) none of the above ) is $20. What is the equation of the isocost line corresponding to a total cost of $100?

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