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10) Using the data in the above table, if the price of an hour of la

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10) Using the data in the above table, if the price of an
hour of labor is $10 and the price of a unit of capital is
$20, then the most economically efficient technique for
producing 100 sweaters is
A) A.
B) B.
C) C.
D) D.
11) Marginal product is:
A) total product divided by the number of workers
employed.
B) the increase in total cost attributable to the employment
of one more worker.
C) the increase in total revenue attributable to the
employment of one more worker.
D) the increase in total output attributable to the
employment of one more worker. 10) Using the data in the
above table, if the price of an hour of labor is $10 and the
price of a unit of capital is $20, then the most economically
efficient technique for producing 100 sweaters is A) A. B)
B. C) C. D) D. 11) Marginal product is: A) total product
divided by the number of workers employed. B) the
increase in total cost attributable to the employment of one
more worker. C) the increase in total revenue attributable
to the employment of one more worker. D) the increase in
total output attributable to the employment of one more
worker.
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10) Using the data in the above table, if the price of an hour of labor is $10 and the price of a unit of capital is $20, then the most economically efficient technique for producing 100 sweaters is A) A. B) B. C) C. D) D. 11) Marginal product is: A) total product divided by the number of workers employed. B) the increase in total cost attributable to the employment of one more worker. C) the increase in total revenue attributable to the employment of one more worker. D) the increase in total output at tributable to the employment of one more worker. 10) Using the data in the above table, if t ...
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