TABLE 8-1

-Refer to Table 8-1.If the price of labour is $5 and the price of capital is $10,which production technique minimizes the costs of producing 1000 units of output?
A)A
B)B
C)C
D)D
E)Any of the techniques have the same cost.

Question

TABLE 8-1
 
-Refer to Table 8-1.If the price of labour is $5 and the price of capital is $10,which production technique minimizes the costs of producing 1000 units of output?
A)A 
B)B 
C)C 
D)D 
E)Any of the techniques have the same cost.

Quizplus · Accepted Answer

The Answer of TABLE 8-1
 
-Refer to Table 8-1.If the price of labour is $5 and the price of capital is $10,which production technique minimizes the costs of producing 1000 units of output?
A)A 
B)B 
C)C 
D)D 
E)Any of the techniques have the same cost.

TABLE 8-1 -Refer to Table 8-1.If the Price of Labour Is $5