Multiple Choice
The following table shows the output of chairs produced by a firm at different units of capital rented. The price per chair is $10.
-Refer to the table above.If the price of a chair increases to $15 and the rental price of machines is $90 per day,how many machines should the firm rent to maximize profits?
A) 1
B) 3
C) 5
D) 6
Correct Answer:
Verified
Correct Answer:
Verified
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