Refer to the following graph.The price of capital (r)is $20. What combination of labor (L)and capital (K)can produce 5,000 units of output at lowest cost?
A)90K,60L
B)110K,10L
C)42K,52L
D)60K,20L
E)10K,110L

Question

Refer to the following graph.The price of capital (r)is $20. What combination of labor (L)and capital (K)can produce 5,000 units of output at lowest cost?
A)90K,60L 
B)110K,10L 
C)42K,52L 
D)60K,20L 
E)10K,110L

Quizplus · Accepted Answer

The Answer of Refer to the following graph.The price of capital (r)is $20. What combination of labor (L)and capital (K)can produce 5,000 units of output at lowest cost?
A)90K,60L 
B)110K,10L 
C)42K,52L 
D)60K,20L 
E)10K,110L

Refer to the Following Graph