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    Business
  3. Study Set
    Managerial economics
  4. Exam
    Exam 9: Production and Cost in the Long Run
  5. Question
    Refer to the Following
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Refer to the Following

Question 2

Question 2

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. -When output is 30 units, what is TOTAL cost? A)  $1,000 B)  $2,000 C)  $10,000 D)  $20,000 E)  none of the above
The price of capital is $100 per unit; the price of labor is $25 per unit.
-When output is 30 units, what is TOTAL cost?


A) $1,000
B) $2,000
C) $10,000
D) $20,000
E) none of the above

Correct Answer:

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