Refer to the following figure:
The price of capital is $50 per unit.
-How many units of labor should the firm use in order to produce 400 units of output at the least cost?
A) 100
B) 105
C) 110
D) 115

Name: Refer to the following figure: The price of capital is $50 per unit. -How many units of labor should the firm use in order to produce 400 units of output at the least cost? A) 100 B) 105 C) 110 D) 115
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Question

Refer to the following figure:
  The price of capital is $50 per unit.
-How many units of labor should the firm use in order to produce 400 units of output at the least cost?
A) 100 
B) 105 
C) 110 
D) 115

Quizplus · Accepted Answer

The Answer is A

Refer to the Following Figure