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The Capital Stock Is Fixed at 5 Units,the Price of Capital

Question 74

Multiple Choice

The capital stock is fixed at 5 units,the price of capital is $60 per unit,and the price of labor is $20 per unit. The capital stock is fixed at 5 units,the price of capital is $60 per unit,and the price of labor is $20 per unit. Based on the above,if the firm produces 80 units of output,what is its total cost of production? A) $540 B) $1,600 C) $1,900 D) $5,040 E) none of the above Based on the above,if the firm produces 80 units of output,what is its total cost of production?


A) $540
B) $1,600
C) $1,900
D) $5,040
E) none of the above

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