-Cindy's Shirts' Production Function Is Shown in the Above Table

question 77

Multiple Choice

-Cindy's Shirts' production function is shown in the above table. Cindy rents two sewing machines for $30 a day each and hires workers at a wage rate of $40 a day per worker. If Cindy produces 18 sweaters per day, what is her average total cost?

• A) $10.00
• B) $13.33
• C) $6.67
• D) $11.00

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Definitions:

Price Decrease

A reduction in the cost of goods or services over a specific period.

Demand Curve

A visual diagram that illustrates the connection between a product's price and the amount consumers are willing to buy.

Sport Utility Vehicles

Large vehicles combining the features of passenger cars with off-road capabilities and increased cargo space.

Gasoline Consumption

The total volume of gasoline used by vehicles or industries within a specific period.