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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 87

Question 87

Multiple Choice

Refer to the following:
Refer to the following:    The price of capital is $100 per unit. -Which of the following combinations of capital and labor lies on the expansion path? A)  20K, 60L B)  35K, 140L C)  50K, 200L D)  all of the above E)  none of the above The price of capital is $100 per unit.
-Which of the following combinations of capital and labor lies on the expansion path?


A) 20K, 60L
B) 35K, 140L
C) 50K, 200L
D) all of the above
E) none of the above

Correct Answer:

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