Refer to the Information Provided in Figure 7

question 15

Multiple Choice

Refer to the information provided in Figure 7.9 below to answer the questions that follow. Figure 7.9
-Refer to Figure 7.9. If the price of capital is $40, then along isocost line AB total cost is

• A) $300.
• B) $1,200.
• C) $2,400.
• D) indeterminate from this information, as the price of labor is not given.