Question 8 1 pts Consider the table below. The cost of labor is $15 per unit and the cost of capital is $75 per unit. What is the lowest cost way to produce 475 units and how much is the total cost? Marginal Average Average Units of Units of Units of Product of Product of Product of Capital Labor Output Capital Capital Labor 0 20 0 l 20 50 50 50 2.50 2 20 150 100 75 7.50 3 20 300 150 100 15.00 4 20 400 100 100 20.00 5 20 450 50 90 22.50 6 20 475 25 79 23.75 7 20 475 0 68 23.75 8 20 450 25 56 22.50 9 20 400 50 44 20.00 10 20 300 100 30 15.00 C) 6 units of Capital & 20 units of Labor; Total Cost = $750. 0 7 units of Capital & 20 units of Labor; Total Cost = $750. 0 8 units of Capital & 20 units of Labor; Total Cost = $750. O 0 units of Capital & 20 units of Labor; Total Cost = $300. 0 7 units of Capital & 20 units of Labor; Total Cost = $825