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Author Question: Cindy's Sweaters' production function is shown in the above table. Cindy rents two knitting machines ... (Read 50 times)

yoooooman

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on: Jun 29, 2018
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 average total cost?
 
  A) 6.67
  B) 10.00
  C) 11.00
  D) 13.33

Question 2

In general, a fine on smoking cigarettes shifts the ________ curve of cigarettes ________.
 
  A) supply; rightward
  B) supply; leftward
  C) demand; rightward
  D) demand; leftward


Ptupou85

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


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