Refer to the following graph. The price of capital (r) is $20.
What combination of K and L should the firm choose to produce 14,000 units of output at the lowest cost?
A. 180K, 0L
B. 180K, 120L
C. 60K, 120L
D. 90K, 60L
E. none of the above
Answer: D
Economics
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