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    Exam 9: Production and Cost in the Long Run
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    Refer to the Following Figure
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Refer to the Following Figure

Question 32

Question 32

Multiple Choice

Refer to the following figure:
Refer to the following figure:    The price of capital is $50 per unit. -The minimum cost of producing 800 units of output is A)  $ 6,000. B)  $ 7,500. C)  $ 8,000. D)  $10,000. The price of capital is $50 per unit.
-The minimum cost of producing 800 units of output is


A) $ 6,000.
B) $ 7,500.
C) $ 8,000.
D) $10,000.

Correct Answer:

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