Table 7-4 Table 7-4 Shows a Production Relationship

question 221

Multiple Choice

Table 7-4 Table 7-4 shows a production relationship. Assuming the capital stock is fixed at three units and the cost per day of labor is $65, what is the most labor that it is efficient to hire if the product price is $1 per unit?

• A)2
• B)3
• C)4

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