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    Exam 11: Output and Costs
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    -Sandra's Sweaters' Production Function Is Shown in the Above Table
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-Sandra's Sweaters' Production Function Is Shown in the Above Table

Question 170

Question 170

Multiple Choice

  -Sandra's Sweaters' production function is shown in the above table. Sandra rents three knitting machines for $30 a day each and hires workers at a wage rate of $40 a day. If Sandra produces 18 sweaters per day, what is her average total cost? A)  $5.00 B)  $6.67 C)  $9.44 D)  $10.00
-Sandra's Sweaters' production function is shown in the above table. Sandra rents three knitting machines for $30 a day each and hires workers at a wage rate of $40 a day. If Sandra produces 18 sweaters per day, what is her average total cost?


A) $5.00
B) $6.67
C) $9.44
D) $10.00

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