Figure 7.13 -Refer to Figure 7.13.The Lines Shown in the Diagram Are

question 13

Multiple Choice

Figure 7.13
-Refer to Figure 7.13.The lines shown in the diagram are isocost lines.If the price of labour is $50 per unit, then along the isocost AF, the total cost

• A)is $500.
• B)is $750.
• C)is $1250.
• D)cannot be determined without the price of capital.

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