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    Exam 9: Production and Cost in the Long Run
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    In the Following Graph,the Price of Labor Is $15 Per
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In the Following Graph,the Price of Labor Is $15 Per

Question 47

Question 47

Multiple Choice

In the following graph,the price of labor is $15 per unit.How many units of labor should a firm use to produce 2,000 units of output at the least cost? In the following graph,the price of labor is $15 per unit.How many units of labor should a firm use to produce 2,000 units of output at the least cost?   A) 40 B) 50 C) 80 D) 100 E) none of the above


A) 40
B) 50
C) 80
D) 100
E) none of the above

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