Using the information from the isoquant/isocost diagram to the right and assuming that PL = PK = $2, complete the table below (Enter your responses as integers) Output Units 100 200 300 Total Cost of Output $100 $ $300 Units of Labor Demanded 25 50 Units of Capital Demanded 50 75 Units of capital (K) 200 175 150- 125 8 100- 75+ 50- 25+ 0+ 0 25 50 9-1009-200 75 100 125 Units of labor (L) q=300 150 175 200 Q Q

Using the information from the isoquant/isocost diagram to the right and assuming that PL = PK = $2, complete the table below (Enter your responses as integers) Output Units 100 200 300 Total Cost of Output $100 $ $300 Units of Labor Demanded 25 50 Units of Capital Demanded 50 75 Units of capital (K) 200 175 150- 125 8 100- 75+ 50- 25+ 0+ 0 25 50 9-1009-200 75 100 125 Units of labor (L) q=300 150 175 200 Q Q

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 9SQP

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