Consider the Following Production and Cost Schedule for a Firm

question 4

Multiple Choice

Consider the following production and cost schedule for a firm.The first column shows the number of units of a variable factor of production employed by the firm.
TABLE 13-1
-Refer to Table 13-1.How many units of this factor of production would the profit-maximizing firm hire if the price of each unit of the factor was $30?

• A)12
• B)13
• C)14
• D)15
• E)It is not possible to determine with the data given.

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