Multiple Choice
Upon opening a printing and copy shop, a firm budgets $40,000 for copy machines and labor. The firm can operate its copy machine for 2,000 hours if it hires no labor. What is the cost of operating a copy machine for one hour?
A) 12.5 cents
B) $1.25
C) $12
D) $20
E) It is impossible to tell from the information given.
Correct Answer:

Verified
Correct Answer:
Verified
Q10: The horizontal (labor) intercept of Manny Motors'
Q11: Upon opening a printing and copy shop,
Q12: Exhibit 7-19 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4915/.jpg" alt="Exhibit 7-19
Q13: Upon opening a printing and copy shop,
Q14: Exhibit 7-18 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4915/.jpg" alt="Exhibit 7-18
Q16: Manny Motors, Inc., can hire auto workers
Q17: All combinations of inputs along an isocost
Q18: A reduction in a firm's operating budget
Q19: At each point on an isoquant, the
Q20: Starting from a point of tangency between