Multiple Choice
If a ton of steel sells for $15,000 and a car made from a ton of steel sells for $30,000, then if all markets are perfectly competitive, how many cars can be made from the last ton of steel used by a profit-maximizing firm?
A) 1/3 car
B) 1/2 car
C) 1 car
D) 1.5 cars
Correct Answer:
Verified
Correct Answer:
Verified
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