Author Question: Using the data in the above table, if the price of an hour of labor is 20 and the price of a unit of ... (Read 83 times)

kellyjaisingh · **on:** Jun 29, 2018

Using the data in the above table, if the price of an hour of labor is 20 and the price of a unit of capital is 10, then the most economically efficient technique for producing 100 sweaters is

A) A.
B) B.
C) C.
D) D.

Question 2

Tonya, who is rich, and Jerome, who is poorer, both buy orange juice and croissants for lunch at the student cafeteria. Their budget constraints on a diagram with orange juice on the vertical axis and croissants on the horizontal have the same

A) horizontal intercepts.
B) vertical intercepts.
C) slopes.
D) midpoints.