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Refer to the Following Graph

Question 1

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Refer to the following graph.The price of capital (r) is $20. Refer to the following graph.The price of capital (r) is $20. What combination of K and L should the firm choose to produce 14,000 units of output at the lowest cost? A) 180K,120L B) 180K,0L C) 60K,120L D) 90K,60L E) none of the aboveWhat combination of K and L should the firm choose to produce 14,000 units of output at the lowest cost?


A) 180K,120L
B) 180K,0L
C) 60K,120L
D) 90K,60L
E) none of the above

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