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  3. Study Set
    Economics Principles and Policy Study Set 2
  4. Exam
    Exam 7: Production, Inputs, and Cost: Building Blocks for Supply Analysis
  5. Question
    Table 7-4
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Table 7-4

Question 110

Question 110

Multiple Choice

Table 7-4 Table 7-4     -Table 7-4 shows a production relationship.Assuming the capital stock is fixed at three units and the cost per day of labor is $65, what is the most labor that it is efficient to hire if the product price is $1 per unit? A) 2 B) 3 C) 4 D) 5 Table 7-4     -Table 7-4 shows a production relationship.Assuming the capital stock is fixed at three units and the cost per day of labor is $65, what is the most labor that it is efficient to hire if the product price is $1 per unit? A) 2 B) 3 C) 4 D) 5
-Table 7-4 shows a production relationship.Assuming the capital stock is fixed at three units and the cost per day of labor is $65, what is the most labor that it is efficient to hire if the product price is $1 per unit?


A) 2
B) 3
C) 4
D) 5

Correct Answer:

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