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Refer to the Following

Question 3

Multiple Choice

Refer to the following:
Refer to the following: The price of capital is $100 per unit. -If a firm decides that total cost must not exceed $3,500, what is the maximum amount of output it can produce? A) 100 B) 500 C) 1,000 D) 1,500 E) none of the above The price of capital is $100 per unit.
-If a firm decides that total cost must not exceed $3,500, what is the maximum amount of output it can produce?


A) 100
B) 500
C) 1,000
D) 1,500
E) none of the above

Correct Answer:

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