expand icon
book Economics 13th Edition by James Gwartney, Richard Stroup, Russell Sobel, David Macpherson cover

Economics 13th Edition by James Gwartney, Richard Stroup, Russell Sobel, David Macpherson

النسخة 13الرقم المعياري الدولي: 9780538754279
book Economics 13th Edition by James Gwartney, Richard Stroup, Russell Sobel, David Macpherson cover

Economics 13th Edition by James Gwartney, Richard Stroup, Russell Sobel, David Macpherson

النسخة 13الرقم المعياري الدولي: 9780538754279
تمرين 6
A dressmaker uses labor and capital (sewing machines) to produce dresses in a competitive market. Suppose the last unit of labor hired cost $1,000 per month and increased output by 100 dresses. The last unit of capital hired (rented) cost $500 per month and increased output by 80 dresses. Is the dressmaker minimizing costs? If not, what changes need to be made?
التوضيح
موثّق
like image
like image

Both labor and capital are needed to pro...

close menu
Economics 13th Edition by James Gwartney, Richard Stroup, Russell Sobel, David Macpherson
cross icon