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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 188

Question 188

Multiple Choice

Table 7-4 Table 7-4     -Table 7-4 shows a production relationship.Assuming the labor input is fixed at 4, what will be the optimum capital input assuming an output price of $1 and a $90-per-day cost for one unit of capital? A) 1 B) 2 C) 3 D) 4 Table 7-4     -Table 7-4 shows a production relationship.Assuming the labor input is fixed at 4, what will be the optimum capital input assuming an output price of $1 and a $90-per-day cost for one unit of capital? A) 1 B) 2 C) 3 D) 4
-Table 7-4 shows a production relationship.Assuming the labor input is fixed at 4, what will be the optimum capital input assuming an output price of $1 and a $90-per-day cost for one unit of capital?


A) 1
B) 2
C) 3
D) 4

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