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Refer to the Following

Question 23

Multiple Choice

Refer to the following:
Refer to the following: The price of capital is $100 per unit; the price of labor is $25 per unit. -How much does the seventh unit of output add to total cost? A) nothing B) $400 C) $800 D) $4,000 E) $8,000 The price of capital is $100 per unit; the price of labor is $25 per unit.
-How much does the seventh unit of output add to total cost?


A) nothing
B) $400
C) $800
D) $4,000
E) $8,000

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