Multiple Choice
The following table shows the marginal products of capital (K) and labour (L) for various methods for Firm ABC to produce 1000 toys per day.
TABLE 8-2
-Refer to Table 8-2.Suppose capital costs $80 per unit and labour costs $24 per unit.Which production method minimizes the cost of producing 1000 toys per day.
A) method B
B) method C
C) method D
D) method E
E) method F
Correct Answer:

Verified
Correct Answer:
Verified
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