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Refer to the Following

Question 18

Multiple Choice

Refer to the following:
The price of capital (r) is $20.
Refer to the following: The price of capital (r) is $20. -What combination of labor (L) and capital (K) can produce 5,000 units of output at lowest cost? A) 90K, 60L B) 110K, 10L C) 42K, 52L D) 60K, 20L E) 10K, 110L
-What combination of labor (L) and capital (K) can produce 5,000 units of output at lowest cost?


A) 90K, 60L
B) 110K, 10L
C) 42K, 52L
D) 60K, 20L
E) 10K, 110L

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