Multiple Choice
Refer to the following:
Following is a firm's expansion path. The price of capital is $5 per unit; the price of labor is $2 per unit.
-When output is 30 units, what is long-run total cost?
A) $60
B) $105
C) $150
D) $260
E) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
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