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Refer to the Information Provided in Figure 7

Question 15

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Refer to the information provided in Figure 7.9 below to answer the questions that follow. Refer to the information provided in Figure 7.9 below to answer the questions that follow. Figure 7.9 -Refer to Figure 7.9. If the price of capital is $40, then along isocost line AB total cost is A) $300. B) $1,200. C) $2,400. D) indeterminate from this information, as the price of labor is not given. Figure 7.9
-Refer to Figure 7.9. If the price of capital is $40, then along isocost line AB total cost is


A) $300.
B) $1,200.
C) $2,400.
D) indeterminate from this information, as the price of labor is not given.

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