Refer to the Following Graph

question 60

Multiple Choice

Refer to the following graph.The price of capital (r) is $20. What is the lowest possible cost at which 14,000 units of output can be produced?

• A)$8,600
• B)$2,400
• C)$3,600
• D)$4,200
• E)none of the above

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Definitions:

The Fovea

A tiny pit located in the macula of the retina that provides the clearest vision of all; it's responsible for sharp central vision.

The Retina

A layer at the back of the eye that contains cells sensitive to light and triggers nerve impulses that pass via the optic nerve to the brain, where a visual image is formed.

Optic Nerve

The structure at the back of the eye, made up of axons of the ganglion cells, that carries visual information to the brain for further processing.

Blind Spot

An area in the visual field that lacks light-detecting photoreceptor cells on the optic disc of the retina, making it insensitive to light.