Refer to the Information Provided in Table 8 -Refer to Table 8

question 97

Multiple Choice

Refer to the information provided in Table 8.4 below to answer the question(s) that follow.
Table 8.4
$$\begin{array} { c c c c } \hline \text { Produce } & \text { Using Techniques } & \text { Units of Variable K } & \text { Inputs L } \\\hline 1 \text { unit of output } & \text { A } & 4 & 4 \\\hline & \text { B } & 2 & 6 \\\hline 2 \text { units of output } & & & \\\hline & \text { A } & 7 & 6 \\\hline& \text { B } & 4 & 10 \\\hline 3 \text { units of output } &\text { A } &8 & 6 \\\hline &\text { B } & 6& 11 \\\hline\end{array}$$
-Refer to Table 8.4. Assume that the relevant time period is the short run. Assuming the price of capital (K) is $10 per unit and the price of labor (L) is $5 per unit, this firm's total cost of producing one unit of output is

• A) $50.
• B) $60.
• C) $110.
• D) indeterminate from this information.

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Definitions:

Real Estate Taxes

Taxes levied on land and buildings (real property) by governments, based on the property's value.

Networking

The practice of interacting with others to exchange information and develop professional or social contacts.

Incubators

Organizations designed to support the development of startup companies by providing resources, mentorship, and often capital.

Triple-Net Lease

A lease in which the tenant pays a base monthly rent plus real estate taxes, insurance, and any other operating expenses incurred for the building.