Multiple Choice
The following table illustrates alternative production techniques for producing 18 widgets that can be sold for $1 each for a total revenue of $18. If the price per unit of labor were to increase from $2 to $3, the most efficient production technique would then be
A) A.
B) B.
C) C.
D) D.
Correct Answer:

Verified
Correct Answer:
Verified
Q67: Which of the following is the main
Q93: Costs can be defined as total payments
Q94: The competitive market system<br>A)encourages innovation because government
Q95: Government bailouts of failing businesses, like banks
Q96: Which of the following statements about self-interest
Q98: One basic problem faced by central planners,
Q99: Which of the following helps explain why
Q101: The French term "laissez-faire" means<br>A)"there is no
Q166: International specialization and trade<br>A) must be done
Q272: Most market economies, such as the U.S.