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The Capital Stock Is Fixed at 5 Units,the Price of Capital

Question 84

Multiple Choice

The capital stock is fixed at 5 units,the price of capital is $60 per unit,and the price of labor is $20 per unit.  Units of  Units of  Labor  Output 21042664686010721280\begin{array} { c c } \text { Units of } & \text { Units of } \\\text { Labor } & \text { Output } \\\hline 2 & 10 \\4 & 26 \\6 & 46 \\8 & 60 \\10 & 72 \\12 & 80\end{array} Based on the above,if the firm produces 80 units of output,what is its total cost of production?


A) $540
B) $1,600
C) $1,900
D) $5,040
E) none of the above

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