6. The price of labor is:

a. $25.00 c. $105.00

b. $20.00 d. $115.00

7. How much labor the manager would use to produce 400 units of output at the least possible cost?

a. 100 c. 105

b. 110 d. 115

8. How many units of capital will the firm uses of producing 800 units of output is:

a. 102 c. 108

b. 110 d. 175

9. The minimum cost of producing 1,200 units of output is:

a. $7,000 c. $9,000

b. $8,000 d. $10,000

K 200 150 130 Units of capital Q = 1,200 100 Q = 800 60 Q = 400 L 0 120 250 375 500 Units of labor