Multiple Choice
If a certain type of machine costs $1500 per year and annually produces output that sells for $3 per unit according to the production schedule then the optimal number of machines of this type is
A) 2
B) 3
C) 4
D) 5
E) 6 or more
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q23: For an economy with a Cobb-Douglas production
Q24: Depreciation in the national income accounts<br>A) allows
Q25: For an economy with the production function
Q26: The Golden Rule for achieving the highest
Q27: The Demographic transition is important for growth
Q29: For any economy with an existing capital
Q30: Reconstruction in Europe following World War II
Q31: Which of the following does not directly
Q32: The rate at which a country saves
Q33: Which of the following gained the most