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nakungth nakungth
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6 years ago
Suppose that the price of labor (PL) is $10 and the price of capital (PK) is $20.  What is the equation of the isocost line corresponding to a total cost of $100?
A) PL + 20PK
B) 100 = 10L + 20K
C) 100 = 30(L+K)
D) 100 + 30 (PL + PK)
E) none of the above
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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CanihCanih
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#1
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6 years ago
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nakungth Author
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6 years ago
Brilliant ツ
paulinaibarra98
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Correct Slight Smile TY
choih94
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You make an excellent tutor!
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