Labor costs $20 per worker and capital costs $100 per unit. Then, according to the above table, which of the following options for pizza production is technologically efficient?

Refer to the scenario above. If they are the only bidders in the auction and each bidder uses his optimal strategy, the maximum price the winner is likely to pay is ________

A) $210 B) $350 C) $500 D) $625

Because the consumer's budget is limited, purchase decisions among available goods must of necessity be interdependent

a. True b. False Indicate whether the statement is true or false