Answer to Question #287944 in Microeconomics for Anna

Question #287944

Assume the price of labor is rm5 and the price of capital is rm10 per unit, what is the total variable cost


1
Expert's answer
2022-01-20T13:49:13-0500

If the price of labor is rm5 and the price of capital is rm10 per unit, then the total variable cost is: TVC = 5L + 10K.


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