A firm is generally more interested in marginal profits than in total profits.
Answer the following statement true (T) or false (F)
False
Economics
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A farmer that is holding corn is short in the cash market.
a. true b. false
Economics
In the following graph, the price of capital is $12 per unit. How many units of labor should the firm use in order to produce 200 units of output at the least cost?
A. 22 units of labor B. 30 units of labor C. 18 units of labor D. 40 units of labor E. 12 units of labor
Economics