Refer to the Following Graph

question 1

Multiple Choice

Refer to the following graph.The price of capital (r) is $20. What combination of K and L should the firm choose to produce 14,000 units of output at the lowest cost?

• A)180K,120L
• B)180K,0L
• C)60K,120L
• D)90K,60L
• E)none of the above

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Definitions:

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The process by which hormones regulate various functions in the body, influencing growth, metabolism, and sexual development.

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The scientific study of the normal functions and mechanisms occurring within a living organism or its parts.