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Author Question: Refer to Figure 11-15. Suppose Hilda hires labor at 8 per hour and capital costs 10 per unit. What ... (Read 51 times)

jCorn1234

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on: Jun 29, 2018
Refer to Figure 11-15. Suppose Hilda hires labor at 8 per hour and capital costs 10 per unit. What is the minimum cost of producing 200 gooseberry pies?
 
  A) 3,600 B) 1,120 C) 592 D) 560

Question 2

Refer to Figure 15-15. The profit-maximizing price is
 
  A) P1. B) P2. C) P3. D) P4.


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olderstudent

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

D

Answer to Question 2

C


jCorn1234

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Reply #2 on: Jun 29, 2018
Thank you :)


olderstudent

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Reply #3 on: Jun 29, 2018
Happy to help you


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