Solved

In the Following Graph,the Price of Labor Is $15 Per

Question 81

Multiple Choice

In the following graph,the price of labor is $15 per unit.Which of the following combinations of capital and labor lies on the expansion path?
In the following graph,the price of labor is $15 per unit.Which of the following combinations of capital and labor lies on the expansion path?   A) 15K,40L  B) 18K,40L C) 30K,100L D) 21K,60L E) none of the above


A) 15K,40L
B) 18K,40L
C) 30K,100L
D) 21K,60L
E) none of the above

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions