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Refer to the Following Figure

Question 1

Multiple Choice

Refer to the following figure.The price of capital is $50 per unit: Refer to the following figure.The price of capital is $50 per unit: What is the minimum cost of producing 400 units of output? A) $3,000 B) $4,000 C) $5,000 D) $6,000 E) none of the above What is the minimum cost of producing 400 units of output?


A) $3,000
B) $4,000
C) $5,000
D) $6,000
E) none of the above

Correct Answer:

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