Refer to the Information Provided in Figure 7

question 51

Multiple Choice

Refer to the information provided in Figure 7.11 below to answer the question(s) that follow. Figure 7.11
-Refer to Figure 7.11. If the firm's cost of capital is $24 per unit and its cost of labor is $48 per unit, the isocost line represents a total cost of

• A) $2,400.
• B) $3,600.
• C) $4,800.
• D) $7,200.