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Refer to the Following Figure

Question 78

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: 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 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

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