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

question 8

Multiple Choice

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

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

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