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The Arizona chronicle workers and printing presses to produce newspaper. Figure displays isoquants for the production of 10,20,30, and 40 units of newspaper. Each worker
The Arizona chronicle workers and printing presses to produce newspaper. Figure displays isoquants for the production of 10,20,30, and 40 units of newspaper. Each worker costs $120 and a printing press cost $24. What is the minimum variable cost required to produce 10 units of newspapers?
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