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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 45 times)

kellyjaisingh

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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.


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zacnyjessica

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

A

Answer to Question 2

C


kellyjaisingh

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

ghepp

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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