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

Question 62

Question 62

Multiple Choice

Refer to the following:
Refer to the following:    The price of capital is $100 per unit. -How many units of capital should a firm use in order to produce 500 units of output at the least cost? A)  10 units of capital B)  12 units of capital C)  14 units of capital D)  20 units of capital E)  none of the above The price of capital is $100 per unit.
-How many units of capital should a firm use in order to produce 500 units of output at the least cost?


A) 10 units of capital
B) 12 units of capital
C) 14 units of capital
D) 20 units of capital
E) none of the above

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