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The Capital Stock Is Fixed at 50 Units,the Price of Capital

Question 14

Multiple Choice

The capital stock is fixed at 50 units,the price of capital is $30 per unit,and the price of labor is $25 per unit. The capital stock is fixed at 50 units,the price of capital is $30 per unit,and the price of labor is $25 per unit. Given the above,if the firm produces 30 units of output,how many units of labor does the firm use? A) 30 B) 45 C) 54 D) 60 E) none of the above Given the above,if the firm produces 30 units of output,how many units of labor does the firm use?


A) 30
B) 45
C) 54
D) 60
E) none of the above

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