Find the Least Cost Output Assuming That MPL = €10

question 20

Multiple Choice

Find the least cost output assuming that MPL = €10 and MPK = €20

• A) Total cost of labour €200 and total cost of capital €200
• B) Total cost of labour €200 and total cost of capital €400
• C) Total cost of labour €400 and total cost of capital €200
• D) It can't be done.

---

Definitions:

Net Income

The total earnings of a company after subtracting all expenses, taxes, and costs from its total revenue.

Owner's Withdrawals

Money or other assets taken from the business by the owner for personal use.

Income Statement

An income statement is a financial report that shows a company's revenues, expenses, and profit over a specific period, illustrating its financial performance.

Balance Sheet

An overview report showing a business's assets, liabilities, and equity held by shareholders at a specific time.