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.
-How much does the 10th unit of output add to long-run total cost?
A) zero
B) $3
C) $4
D) $40
E) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
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