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Author Question: In the above figure, the maximum number of units that 4 workers can produce is A) 5 units. B) 10 ... (Read 204 times)

daltonest1984

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on: Jun 29, 2018
In the above figure, the maximum number of units that 4 workers can produce is
 
  A) 5 units.
  B) 10 units.
  C) 15 units.
  D) more than 15 units.

Question 2

Which of the following statements is TRUE?
 
  I. A firm that is not economically efficient does not maximize profit.
  II. Economic efficiency depends on the relative costs of resources.
  III. A technological efficient firm is also economically efficient.
  A) I only
  B) II only
  C) II and III
  D) I and II


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aloop

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

C

Answer to Question 2

D


daltonest1984

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

gcook

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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