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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 39

Question 39

Multiple Choice

Refer to the following figure:
Refer to the following figure:    The price of capital is $50 per unit. -What is the minimum cost of producing 400 units of output? A)  $3,000 B)  $4,000 C)  $5,000 D)  $6,000 E)  none of the above The price of capital is $50 per unit.
-What is the minimum cost of producing 400 units of output?


A) $3,000
B) $4,000
C) $5,000
D) $6,000
E) none of the above

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