Refer to the following figure:
The price of capital is $50 per unit.
-How many units of labor should the firm use to produce 1,200 units of output at least cost?
A) 120
B) 500
C) 240
D) 128
E) 175

Question

Refer to the following figure:
  The price of capital is $50 per unit.
-How many units of labor should the firm use to produce 1,200 units of output at least cost?
A) 120 
B) 500 
C) 240 
D) 128 
E) 175

Quizplus · Accepted Answer

The Answer of Refer to the following figure:
  The price of capital is $50 per unit.
-How many units of labor should the firm use to produce 1,200 units of output at least cost?
A) 120 
B) 500 
C) 240 
D) 128 
E) 175

Refer to the Following Figure