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  3. Study Set
    Managerial Economics Foundations
  4. Exam
    Exam 9: Production and Cost in the Long Run
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    Refer to the Following Graph
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Refer to the Following Graph

Question 57

Question 57

Multiple Choice

Refer to the following graph.The price of labor is $3 per unit: Refer to the following graph.The price of labor is $3 per unit:   What is the minimum cost of producing 100 units of output? A) $150 B) $105 C) $ 75 D) $ 60 What is the minimum cost of producing 100 units of output?


A) $150
B) $105
C) $ 75
D) $ 60

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