John Mills- the Propietor of Mills Engine Company, a Manufacturer

question 107

Multiple Choice

John Mills- the propietor of Mills Engine Company, a manufacturer of mdel airplane engine-finds that it takes units of labor and units of capital to produce units of the product. If a unit of labor costs , a unit of capital costs and is bugeted for production, determine how long units should be expended on on labour and how many units should be expended on capital in order to maximize production.

• A) units of labour and units of capital.
• B) units of labour and units of capital.
• C) units of labour and units of capital.
• D) units of labour and units of capital.
• E) units of labour and units of capital.

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Definitions:

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