Figure 11-13 -Refer to Figure 11-13.The Lines Shown in the Diagram Are

question 80

Multiple Choice

Figure 11-13

-Refer to Figure 11-13.The lines shown in the diagram are isocost lines.If the price of labor is $50 per unit, then along the isocost AF, the total cost

• A)is $500.
• B)is $750.
• C)is $1,250.
• D)cannot be determined without the price of capital.