Multiple Choice
If rice can be produced using water and seed according to Q = WS,where water,W,costs $3 and seed,S,costs $3,what is the cost-minimizing combination of water and seed capable of producing 144 units of rice?
A) W = 64, S = 0.
B) W = 0, S = 64.
C) W = 1, S = 64.
D) W = 8, S = 8.
E) W = 12, S = 12.
Correct Answer:

Verified
Correct Answer:
Verified
Q23: Output is produced according to Q =
Q24: A straight line drawn from the origin
Q25: In the following table,the marginal product of
Q26: If output is produced according to Q
Q27: Hedge Fun is a landscaping firm that
Q29: The law of diminishing marginal returns states
Q30: The marginal rate of technical substitution between
Q31: In the following table,the average product of
Q32: Hedge Fun is a landscaping firm that
Q33: Hedge Fun is a landscaping firm that