In the graph below,the price of capital is $500 per unit.Which of the following combinations of capital and labor lies on the expansion path?
A)500L,100K
B)800L,160K
C)1100L,220K
D)both a and b
E)none of the above

Question

In the graph below,the price of capital is $500 per unit.Which of the following combinations of capital and labor lies on the expansion path? 
A)500L,100K 
B)800L,160K 
C)1100L,220K 
D)both a and b 
E)none of the above

Quizplus · Accepted Answer

The Answer of In the graph below,the price of capital is $500 per unit.Which of the following combinations of capital and labor lies on the expansion path? 
A)500L,100K 
B)800L,160K 
C)1100L,220K 
D)both a and b 
E)none of the above

In the Graph Below,the Price of Capital Is $500 Per