[Answered] Refer to Figure 11-15. Suppose Hilda hires labor at 8 per hour and capital costs 10 per unit. What ...

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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 40 times)

jCorn1234

Hero Member
Posts: 545

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

Sr. Member
Posts: 339

Reply #1 on: Jun 29, 2018

Answer to Question 1

D

Answer to Question 2

C

jCorn1234

Hero Member
Posts: 545

Reply #2 on: Jun 29, 2018

Thank you

olderstudent

Sr. Member
Posts: 339

Reply #3 on: Jun 29, 2018

Happy to help you

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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 40 times)

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