Refer to Figure 8-6

question 94

Multiple Choice

Refer to Figure 8-6.Suppose there is a change in relative factor prices and the cost-minimizing method of producing 2000 golf tees is now at point D.If the total cost of producing 2000 golf tees is still $60,it must be the case that

• A)the price of labour fell and the price of capital remained constant.
• B)the price of labour and capital both fell.
• C)the price of labour rose and the price of capital fell.
• D)the price of labour fell and the price of capital rose.
• E)the price of labour and capital both rose.

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Definitions:

Basidiomycetes

A large class of fungi characterized by producing spores on basidia, playing crucial roles in ecosystem nutrient cycling and as food sources.

Zygomycetes

A class of fungi known for forming sexual spores called zygospores and mostly living as saprophytes.

Ascomycetes

A division or phylum of fungi characterized by the formation of spores in a special type of cell called an ascus, including yeasts and molds.

Plasmogamy

The fusion of the cytoplasm of two cells from different fungal hyphae, a stage in the sexual reproduction of fungi.