Multiple Choice
-Cindy's Shirts' production function is shown in the above table. Cindy rents two sewing machines for $30 a day each and hires workers at a daily wage rate of $40 per worker. What is the marginal cost when production increases from 18 to 20 units per day?
A) $40.00
B) $10.00
C) $20.00
D) $8.00
Correct Answer:

Verified
Correct Answer:
Verified
Q23: The average product of labour is equal
Q24: "Diminishing marginal returns" refer to a situation
Q25: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -In the above
Q26: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -The table above
Q27: Which of the following would be classified
Q29: Tudor's Deli and Catering could have sold
Q30: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -In the above
Q31: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -The above figure
Q32: When a firm experiences economies of scale,
Q33: When long- run average cost decreases as