In the Following Graph,the Price of Capital Is $12 Per

question 39

Multiple Choice

In the following graph,the price of capital is $12 per unit.If the price of labor increases to $40 per unit and total cost is unchanged,what is the maximum amount of output the firm can produce?

• A)100 units of output
• B)200 units of output
• C)300 units of output
• D)400 units of output
• E)none of the above

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