Refer to the information provided in Figure 7.11 below to answer the questions that follow. Figure 7.11
-Refer to Figure 7.11. If this firm's cost of capital is $20 per unit and its cost of labor is $10 per unit, the isocost line represents a total cost of
A) $2,000.
B) $3,000.
C) $4,000.
D) $8,000.

Question

Refer to the information provided in Figure 7.11 below to answer the questions that follow.  Figure 7.11
-Refer to Figure 7.11. If this firm's cost of capital is $20 per unit and its cost of labor is $10 per unit, the isocost line represents a total cost of
A) $2,000. 
B) $3,000. 
C) $4,000. 
D) $8,000.

Quizplus · Accepted Answer

The Answer of Refer to the information provided in Figure 7.11 below to answer the questions that follow.  Figure 7.11
-Refer to Figure 7.11. If this firm's cost of capital is $20 per unit and its cost of labor is $10 per unit, the isocost line represents a total cost of
A) $2,000. 
B) $3,000. 
C) $4,000. 
D) $8,000.

Refer to the Information Provided in Figure 7