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Refer to Figure 8

Question 50

Multiple Choice

Refer to Figure 8.5.If the wage rate is $5 and the rental rate of capital is $10,what is the lowest cost of producing 30 units of output? Refer to Figure 8.5.If the wage rate is $5 and the rental rate of capital is $10,what is the lowest cost of producing 30 units of output? A) $350 B) $345 C) $250 D) $300


A) $350
B) $345
C) $250
D) $300

Correct Answer:

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