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Use the following to answer questions :
Figure 7A-2 Use the following to answer questions : Figure 7A-2 -In Figure 7A-2, assuming that the price of inputs are equal and that doubling all inputs doubles output, what is the lowest possible cost to produce Q = 150? A) $12 B) $16 C) $18 D) $24 E) None of the above.
-In Figure 7A-2, assuming that the price of inputs are equal and that doubling all inputs doubles output, what is the lowest possible cost to produce Q = 150?


A) $12
B) $16
C) $18
D) $24
E) None of the above.

Correct Answer:

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