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  3. Study Set
    Managerial Economics Foundations
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    Exam 9: Production and Cost in the Long Run
  5. Question
    In the Following Graph,the Price of Labor Is $15 Per
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In the Following Graph,the Price of Labor Is $15 Per

Question 82

Question 82

Multiple Choice

In the following graph,the price of labor is $15 per unit.How many units of labor should a firm use to produce 2,000 units of output at the least cost? In the following graph,the price of labor is $15 per unit.How many units of labor should a firm use to produce 2,000 units of output at the least cost?   A) 40 B) 50 C) 80 D) 100 E) none of the above


A) 40
B) 50
C) 80
D) 100
E) none of the above

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