Multiple Choice
Refer to the following:
The price of labor is $15 per unit.
-Which of the following combinations of capital and labor lies on the expansion path?
A) 15K, 40L
B) 18K, 40L
C) 30K, 100L
D) 21K, 60L
E) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
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