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

Question 46

Question 46

Multiple Choice

Refer to the following:
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 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:

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