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25 Produce Using Units of Hours of Labor Techniques Capital 100 100 20 7. Refer to above Table. Assuming the price of labor (L) is

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25 Produce Using Units of Hours of Labor Techniques Capital 100 100 20 7. Refer to above Table. Assuming the price of labor (L) is $12 per unit and the price of capital (K) is $10 per unit, what production technique should this firm use to produce 100 units of output? A) production technique A B) production technique B C) The firm is indifferent between production technique A and production technique B. D) It is impossible to determine if the firm should select production technique A or B because total fixed costs are not given

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