Multiple Choice
Use the following setup for the next question.
A firm is deciding between two different sewing machines.Technology A has fixed costs of $500 and marginal costs of $50 whereas Technology B has fixed costs of $250 and marginal costs of $100.
-If the company plans to produce 9 units,which technology should the firm choose?
A) Technology A
B) Technology B
C) Either technology because they are equally cost efficient
D) Need more information
Correct Answer:
Verified
Correct Answer:
Verified
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