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    Business
  3. Study Set
    Managerial Economics
  4. Exam
    Exam 9: Production and Cost in the Long Run
  5. Question
    Refer to the Following Figure
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Refer to the Following Figure

Question 50

Question 50

Multiple Choice

Refer to the following figure.The price of capital is $50 per unit: Refer to the following figure.The price of capital is $50 per unit:   The minimum cost of producing 800 units of output is A) $ 6,000. B) $ 7,500. C) $ 8,000. D) $10,000. The minimum cost of producing 800 units of output is


A) $ 6,000.
B) $ 7,500.
C) $ 8,000.
D) $10,000.

Correct Answer:

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