Figure 11-13

-Refer to Figure 11-13.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.

Question

Figure 11-13
 
-Refer to Figure 11-13.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.

Quizplus · Accepted Answer

The Answer of Figure 11-13
 
-Refer to Figure 11-13.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.

Figure 11-13 -Refer to Figure 11-13.The Lines Shown in the Diagram Are