Kline Shirts employs labour at $5 per hour and uses capital equipment that costs $80 per day to produce women's cotton shirts.The company's total cost,given 100 hours of labour,is:

Question

Quizplus · Accepted Answer

The total cost includes both labor and capital costs. Labor cost is 100 hours * $5/hour = $500. Capital cost is $80 per day. Therefore, the total cost is $500 (labor) + $80 (capital) = $580.

Kline Shirts Employs Labour at $5 Per Hour and Uses