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In the Following Graph,the Price of Capital Is $12 Per

Question 4

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In the following graph,the price of capital is $12 per unit.If the price of labor is $30 per unit,the lowest possible cost of producing 200 units of output is In the following graph,the price of capital is $12 per unit.If the price of labor is $30 per unit,the lowest possible cost of producing 200 units of output is A) $1,200. B) $2,400. C) $3,000. D) $4,000. E) none of the above


A) $1,200.
B) $2,400.
C) $3,000.
D) $4,000.
E) none of the above

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