Refer to the information provided in Figure 7.8 below to answer the question(s) that follow. 
Figure 7.8Refer to Figure 7.8. If the price of capital is $30, then along isocost line AB total cost is
A. $1,200.
B. $1,800.
C. $2,400.
D. indeterminate from this information, as the price of labor is not given.
Answer: B
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a. True b. False Indicate whether the statement is true or false
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Answer the following statement true (T) or false (F)