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Refer to the Following

Question 12

Multiple Choice

Refer to the following:
The price of capital is $12 per unit.
Refer to the following: The price of capital is $12 per unit. -If the price of labor is $30 per unit, the lowest possible cost of producing 200 units of output is A) $1,200. B) $2,400. C) $3,000. D) $4,000. E) none of the above
-If the price of labor is $30 per unit, the lowest possible cost of producing 200 units of output is


A) $1,200.
B) $2,400.
C) $3,000.
D) $4,000.
E) none of the above

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