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The table below shows the number of units of labour and capital used in 4 alternative production techniques for producing 1000 widgets per month. Technique
The table below shows the number of units of labour and capital used in 4 alternative production techniques for producing 1000 widgets per month. Technique A B C D Labour 22 33 51 25 Capital 51 40 25 63 If the price of labour is $11 and the price of capital is $4, which production technique minimizes the costs of producing 1000 units of output? Question content area bottom Part 1 A.Upper D Upper D B.Upper B Upper B C.Upper C Upper C D.Upper A Upper A E. Any of the techniques have the same cost
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