A package delivery service uses vans and employees to deliver the maximum number of packages given a fixed budget. The last van added 600 packages to total output, while the last employee added 500 packages. If vans cost $400 per week and employees earn $300 per week, the firm
A) could deliver more packages with the same budget by using more employees and fewer vans.
B) could deliver more packages with the same budget by using more vans and fewer employees.
C) should use more vans and fewer employees because the last dollar spent on vans added more to total output than the last dollar spent on employees.
D) is delivering the maximum number of packages given the fixed budget.
E) both b and c
Correct Answer:
Verified
Q74:
A restaurant hires cooks and
Q75: If the marginal benefits of increasing study
Q76:
A housecleaning company receives $25
Q77:
A politician, who wants to
Q78:
A housecleaning company receives $25
Q80:
Randolph is taking three courses
Q81:
A local charity has decided
Q82: A package delivery service currently has 12
Q83:
Your firm sells club soda
Q84:
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents