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In the Following Graph,the Price of Capital Is $100 Per

Question 76

Multiple Choice

In the following graph,the price of capital is $100 per unit; the price of labor is $25 per unit.When output is 20 units,what is AVERAGE cost? In the following graph,the price of capital is $100 per unit; the price of labor is $25 per unit.When output is 20 units,what is AVERAGE cost? A) $350 B) $700 C) $3,500 D) $7,000 E) none of the above


A) $350
B) $700
C) $3,500
D) $7,000
E) none of the above

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