Big Truck Hauling Company uses 5 units of capital at $1,000 per unit and employs 10 employees at a cost of $400 each. What is the company's total cost?

Name: Big Truck Hauling Company uses 5 units of capital at $1,000 per unit and employs 10 employees at a cost of $400 each. What is the company's total cost?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The cost of capital is 5 units * $1,000 per unit = $5,000.
The cost of employees is 10 employees * $400 each = $4,000.
Therefore, the company's total cost is $5,000 + $4,000 = $9,000.

Big Truck Hauling Company Uses 5 Units of Capital at $1,000