16. The graph to the right gives some isocost and isoquants for a perfectly competitive firm. L indicates some specific amount of labor and 2L means twice that amount. Just as K indicates to some level of capital and 2K twice as much. Levels of output are output per week. If this firm wants to produce 2,500 units of output per week it should choose the combination of capital and labor represented by point:
  1. U
  2. V
  3. X
  4. Y
  5. Z

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