Multiple Choice
At a given level of wheat output, one more unit of labor would produce 10 extra bushels, and one more unit of seed would produce 30 extra bushels.A unit of labor costs $6, and a unit of seed costs $12.The farmer should
A) produce less wheat.
B) buy only seed.
C) buy more seed and less labor.
D) buy less seed and more labor.
Correct Answer:
Verified
Correct Answer:
Verified
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