Answer:
C. 120
Explanation:
The computation is shown below:
(L × K)
<u>Labor L Capital K Quantity of Output Q Total cost TC</u>
1 2 2 $40
2 4 8 $80
(2 × $20 + 4 × $10)
3 6 18 $120
(3 × $20 + 6 × $10)
4 8 32 $160
(4 × $20 + 8 × $10)
As we can see that if we considered 3 units of labor so the total cost is $120
Hence, the correct option is c.
Managers can increase cohesiveness in teams through encouraging people to have face-to-face exchanges at work. They should mandate through verbal and non-verbal actions. They should be hands-on in every detail of the company.
I think reading panel is the correct option
Hope this helps
-AaronWiseIsBae
