Refer to the given data. If the prices of labor and capital are $9 and $15, respectively, and labor and capital are the only inputs, at the profit-maximizing level of output, the firm's total costs will be
A)$106.
B)$126.
C)$47.
D)$90.

Question

Refer to the given data. If the prices of labor and capital are $9 and $15, respectively, and labor and capital are the only inputs, at the profit-maximizing level of output, the firm's total costs will be
A)$106. 
B)$126. 
C)$47. 
D)$90.

Quizplus · Accepted Answer

The Answer of  Refer to the given data. If the prices of labor and capital are $9 and $15, respectively, and labor and capital are the only inputs, at the profit-maximizing level of output, the firm's total costs will be
A)$106. 
B)$126. 
C)$47. 
D)$90.

Refer to the Given Data