A monopolistic competitor would face a demand curve with a

In the above table, if the price of labor is $10 per hour and the price of capital is $20 per unit, what is the total cost of Technique W?

A) $80,000 B) $200,000 C) $280,000 D) $360,000

An increasing marginal product of labor would be most commonly found

a. at high levels of employment b. in perfect competition c. at low levels of employment d. when a product price is rising e. when a product price is falling