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    Microeconomics Study Set 15
  4. Exam
    Exam 7: Technology , Production and Costs
  5. Question
    -Refer to Figure 7-14
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-Refer to Figure 7-14

Question 223

Question 223

Multiple Choice

  -Refer to Figure 7-14. What is the combination of inputs that produces 200 gooseberry pies at the lowest cost? A)  combination e: 10 hours of labour and 48 units of capital B)  combination f: 40 hours of labour and 24 units of capital C)  combination g: 60 hours of labour and 14 units of capital D)  combination h: 60 hours of labour and 9 units of capital
-Refer to Figure 7-14. What is the combination of inputs that produces 200 gooseberry pies at the lowest cost?


A) combination e: 10 hours of labour and 48 units of capital
B) combination f: 40 hours of labour and 24 units of capital
C) combination g: 60 hours of labour and 14 units of capital
D) combination h: 60 hours of labour and 9 units of capital

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