Refer to the information provided in Table 8.1 below to answer the question(s) that follow. 
 Table 8.1  Refer to Table 8.1. Assume the price of labor (L) is $5 per unit, the price of capital (K) is $10 per unit, and that firms attempt to minimize costs. The total variable cost of producing one unit of output is

A. $16.
B. $100.
C. $120.
D. $220.


Answer: B

Economics

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