Using the data in the above table, if the price of an hour of labor is $20 and the price of a unit of capital is $10, then the most economically efficient technique for producing 100 sweaters is

A) A.
B) B.
C) C.
D) D.

A

Economics

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Frieda is at her local florist to buy a dozen roses. She is willing to pay $75 for the roses, and buys them for $75. Frieda's consumer surplus from the purchase is

A) $150. B) $75. C) $37.50. D) $0.

Economics

Which of the following statements is false?

A) Exports benefit trading countries because exports create jobs. Imports do not benefit trading countries because they result in a loss of jobs. B) Each year the United States exports about 50 percent of its wheat crop and 20 percent of its corn crop. C) Most of the leading exporting countries are large, high-income countries. D) Not all sectors of the U.S. economy are affected equally by international trade.

Economics