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Refer to the Following Graph

Question 54

Multiple Choice

Refer to the following graph.The price of labor is $3 per unit: Refer to the following graph.The price of labor is $3 per unit: How many units of labor should a firm use in order to produce 100 units of output at the least cost? A) 5 units of labor B) 10 units of labor C) 15 units of labor D) 20 units of labor How many units of labor should a firm use in order to produce 100 units of output at the least cost?


A) 5 units of labor
B) 10 units of labor
C) 15 units of labor
D) 20 units of labor

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