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Refer to the Information Provided in Figure 7

Question 245

Multiple Choice

Refer to the information provided in Figure 7.10 below to answer the question(s) that follow. Refer to the information provided in Figure 7.10 below to answer the question(s) that follow. Figure 7.10 -Refer to Figure 7.10. If the isocost line represents a total cost of $2,400, then the firm's cost of capital is ________ per unit and its cost of labor is ________ per unit. A) $10; $20 B) $12; $24 C) $24; $12 D) $2; $1 Figure 7.10
-Refer to Figure 7.10. If the isocost line represents a total cost of $2,400, then the firm's cost of capital is ________ per unit and its cost of labor is ________ per unit.


A) $10; $20
B) $12; $24
C) $24; $12
D) $2; $1

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