10 of 38 Assume that Alex uses capital and labour to produce a good. The unit price of capital is $2 and the unit price of labour is $4. The initial stock of capital is 40 units and the initial quantity of labour is 20. If the stock of capital decreases to 10 units, what should be the additional quantity of labour if Alex wants to incur the same cost? O A. 30 о В. 5 ос. 10
10 of 38 Assume that Alex uses capital and labour to produce a good. The unit price of capital is $2 and the unit price of labour is $4. The initial stock of capital is 40 units and the initial quantity of labour is 20. If the stock of capital decreases to 10 units, what should be the additional quantity of labour if Alex wants to incur the same cost? O A. 30 о В. 5 ос. 10
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![10 of 38
Assume that Alex uses capital and labour to produce a good. The unit price of
capital is $2 and the unit price of labour is $4. The initial stock of capital is 40
units and the initial quantity of labour is 20. If the stock of capital decreases to
10 units, what should be the additional quantity of labour if Alex wants to incur
the same cost?
O A. 30
о В. 5
О С. 10
O D. 15
Unsure](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F418f4743-ad20-48ba-82c6-29c3c35b7648%2Ff9f2689e-e44d-4b71-a039-fe770f44281c%2Fx2cdacu_processed.jpeg&w=3840&q=75)
Transcribed Image Text:10 of 38
Assume that Alex uses capital and labour to produce a good. The unit price of
capital is $2 and the unit price of labour is $4. The initial stock of capital is 40
units and the initial quantity of labour is 20. If the stock of capital decreases to
10 units, what should be the additional quantity of labour if Alex wants to incur
the same cost?
O A. 30
о В. 5
О С. 10
O D. 15
Unsure
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