Consider a small firm that is producing winter jackets.It can lease an additional sewing machine for one month for $750.With this additional machine,the firm can produce an additional 6 jackets during that time period that it sells for $125 each.Hiring the marginal machine adds to the firm's profit and so it should _ the machine.
A) - $750; lease
B) $0; be indifferent as to whether to lease
C) $750; not lease
D) - $750; not lease
E) $750; lease
Correct Answer:
Verified
Q46: Consider the following production and cost
Q47: FIGURE 13- 4 The three diagrams below
Q48: The term "economic rent" refers to
A)transfer earnings
Q49: Consider the following production and cost
Q50: FIGURE 13- 4 The three diagrams below
Q52: Consider the following production and cost
Q53: FIGURE 13- 4 The three diagrams below
Q54: FIGURE 13- 3 The demand and supply
Q55: In a competitive labour market,an increase in
Q56: A temporary factor- price differential is one
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