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Consider the Following Production and Cost Schedule for a Firm

Question 63

Multiple Choice

Consider the following production and cost schedule for a firm.The first column shows the number of units of a variable factor of production employed by the firm.
Consider the following production and cost schedule for a firm.The first column shows the number of units of a variable factor of production employed by the firm. TABLE 13-1 -Refer to Table 13-1.How many units of this factor of production would the profit-maximizing firm hire if the price of each unit of the factor was $140? A) 11 B) 12 C) 13 D) 14 E) It is not possible to determine with the data given. TABLE 13-1
-Refer to Table 13-1.How many units of this factor of production would the profit-maximizing firm hire if the price of each unit of the factor was $140?


A) 11
B) 12
C) 13
D) 14
E) It is not possible to determine with the data given.

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