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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 57

Question 57

Multiple Choice

Refer to the following figure:
Refer to the following figure:    The price of capital is $50 per unit. -How many units of capital should the firm use to produce 800 units of output at least cost? A)  110 B)  98 C)  108 D)  102 E)  120 The price of capital is $50 per unit.
-How many units of capital should the firm use to produce 800 units of output at least cost?


A) 110
B) 98
C) 108
D) 102
E) 120

Correct Answer:

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