In the Graph Below,the Price of Capital Is $500 Per

question 53

Multiple Choice

In the graph below,the price of capital is $500 per unit.At point A,the firm can exchange

• A)1 unit of capital for 5 units of labor and keep output unchanged.
• B)5 units of capital for 1 unit of labor and keep output unchanged.
• C)5 units of capital for 1 unit of labor and keep cost unchanged.
• D)both b and c
• E)none of the above

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