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

question 468

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 20 sweaters per day, what is her average fixed cost of production?

• A) $3.00
• B) $3.33
• C) $8.00
• D) $11.00

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Definitions:

Longitudinal

A research design involving repeated observations of the same variables over an extended period of time.

Emotional Bond

A deep connection between individuals, characterized by feelings of affection, trust, and loyalty.

Infant

A very young child or baby, typically under one year old.

Attachment

Attachment is an emotional bond between individuals, characterized by a seeking of closeness and perceived security. In psychology, it primarily refers to the bond between infants and their caregivers.