Cindy's Sweaters' production function is shown in the above table. Cindy rents two knitting machines for $30 a day each and hires workers at a wage rate of $40 a day. If Cindy produces 18 sweaters per day, what is her total cost?

A) $120
B) $140
C) $180
D) $60

C

Economics

You might also like to view...

What is an indifference curve? Can two indifference curves intersect? Explain your answer

What will be an ideal response?

Economics

Refer to Table 15.1. The uses of government funds for Arugula in 2012 total

A) $135 million. B) $195 million. C) $380 million. D) $600 million.

Economics