Refer to the information provided in Figure 7.6 below to answer the question(s) that follow. Figure 7.6
-Refer to Figure 7.6. If the price of capital is $10 and the price of labor is $20, the optimal production technique is
A) A.
B) B.
C) C.
D) D.

Question

Refer to the information provided in Figure 7.6 below to answer the question(s) that follow.  Figure 7.6
-Refer to Figure 7.6. If the price of capital is $10 and the price of labor is $20, the optimal production technique is
A) A. 
B) B. 
C) C. 
D) D.

Quizplus · Accepted Answer

The optimal production technique is A because it uses the least amount of capital and labor to produce the same output as the other techniques.

Refer to the Information Provided in Figure 7