A firm uses labor and capital, ,to produce an output.The hourly cost of labor is $10,and the hourly cost of capital is $50.Which of the following combinations of labor and capital hours of use represent points on the firm's $100,000 isocost line?
A) (10000, 2000)
B) (2000, 10000)
C) (1000, 1800)
D) (1000, 1000)

Question

A firm uses labor and capital,  ,to produce an output.The hourly cost of labor is $10,and the hourly cost of capital is $50.Which of the following combinations of labor and capital hours of use represent points on the firm's $100,000 isocost line?
A) (10000, 2000) 
B) (2000, 10000) 
C) (1000, 1800) 
D) (1000, 1000)

Quizplus · Accepted Answer

The Answer of A firm uses labor and capital,  ,to produce an output.The hourly cost of labor is $10,and the hourly cost of capital is $50.Which of the following combinations of labor and capital hours of use represent points on the firm's $100,000 isocost line?
A) (10000, 2000) 
B) (2000, 10000) 
C) (1000, 1800) 
D) (1000, 1000)

A Firm Uses Labor and Capital, ,To Produce an Output.The