Refer to the following figure.The price of capital is $50 per unit: What is the minimum cost of producing 1,200 units of output?
A)$7,000
B)$8,000
C)$9,000
D)$10,000
E)$11,000

Question

Refer to the following figure.The price of capital is $50 per unit:  What is the minimum cost of producing 1,200 units of output?
A)$7,000 
B)$8,000 
C)$9,000 
D)$10,000 
E)$11,000

Quizplus · Accepted Answer

The Answer of Refer to the following figure.The price of capital is $50 per unit:  What is the minimum cost of producing 1,200 units of output?
A)$7,000 
B)$8,000 
C)$9,000 
D)$10,000 
E)$11,000

Refer to the Following Figure