In the Following Graph,the Price of Labor Is $15 Per

question 81

Multiple Choice

In the following graph,the price of labor is $15 per unit.Which of the following combinations of capital and labor lies on the expansion path?

• A)15K,40L
• B)18K,40L
• C)30K,100L
• D)21K,60L
• E)none of the above

---

Definitions:

Partnering Relationship

A collaborative agreement between two or more entities to work together towards common objectives, sharing risks, responsibilities, and rewards.

Trust

The firm belief in the reliability, truth, ability, or strength of someone or something.

Honest

Characterized by truthfulness, integrity, and fairness, often considered a vital ethical principle in personal and professional contexts.

Interdependent

A condition where entities are mutually reliant on each other, meaning the actions of one affect or depend on the other.