Refer to the information provided in Figure 7.12 below to answer the questions that follow. Figure 7.12
-Refer to Figure 7.12. If the firm's level of total cost is represented by the given isocost line, the firm's optimal combination of capital and labor is given by
A) point A.
B) point B.
C) point C.
D) 50 units of capital and 50 of labor.

Question

Refer to the information provided in Figure 7.12 below to answer the questions that follow.  Figure 7.12
-Refer to Figure 7.12. If the firm's level of total cost is represented by the given isocost line, the firm's optimal combination of capital and labor is given by
A) point A. 
B) point B. 
C) point C. 
D) 50 units of capital and 50 of labor.

Quizplus · Accepted Answer

The Answer of Refer to the information provided in Figure 7.12 below to answer the questions that follow.  Figure 7.12
-Refer to Figure 7.12. If the firm's level of total cost is represented by the given isocost line, the firm's optimal combination of capital and labor is given by
A) point A. 
B) point B. 
C) point C. 
D) 50 units of capital and 50 of labor.

Refer to the Information Provided in Figure 7