Answer to Question #199435 in Economics for fatima izhar

Question #199435

Let K=10, L=5, P_K=10, P_L=25, Q=100 and [LTC=P_K×K+P_L×L]. Find the value of LAC

Expert's answer

If LTC = P_K×K+P_L×L, then "LAC = LTC\/Q = (10\u00d710 + 25\u00d75)\/100 = 2.25."

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