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Refer to the Following

Question 78

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 increases to $40 per unit and total cost is unchanged, what is the maximum amount of output the firm can produce? A) 100 units of output B) 200 units of output C) 300 units of output D) 400 units of output E) none of the above
-If the price of labor increases to $40 per unit and total cost is unchanged, what is the maximum amount of output the firm can produce?


A) 100 units of output
B) 200 units of output
C) 300 units of output
D) 400 units of output
E) none of the above

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