Refer to the graph shown. If labor costs $10 per unit and machines cost $15 per unit, the economically efficient cost of producing 1,000 units of output is:
A) $100.
B) $150.
C) $300.
D) impossible to determine using the information given.

Question

Refer to the graph shown. If labor costs $10 per unit and machines cost $15 per unit, the economically efficient cost of producing 1,000 units of output is: 
A) $100. 
B) $150. 
C) $300. 
D) impossible to determine using the information given.

Quizplus · Accepted Answer

The Answer of Refer to the graph shown. If labor costs $10 per unit and machines cost $15 per unit, the economically efficient cost of producing 1,000 units of output is: 
A) $100. 
B) $150. 
C) $300. 
D) impossible to determine using the information given.

Refer to the Graph Shown