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-Refer to Figure 11-12

Question 31

Multiple Choice

-Refer to Figure 11-12. The lines shown in the diagram are isocost lines. If the price of labor is $50 per unit, then along the isocost AF, the total cost A) is $500. B) is $750. C) is $1,250. D) cannot be determined without the price of capital.
-Refer to Figure 11-12. The lines shown in the diagram are isocost lines. If the price of labor is $50 per unit, then along the isocost AF, the total cost


A) is $500.
B) is $750.
C) is $1,250.
D) cannot be determined without the price of capital.

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