The table shows the total output a firm will be able to produce if it employs varying amounts of resource X while holding the amounts of the other resources constant. Assume that the product price is constant at $3.00 per unit. How many units of resource X will be employed if its price is $24 per unit?
A) 3
B) 4
C) 5
D) 6
Correct Answer:
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Q160: Marginal resource cost is
A)the increase in variable
Q161: A profit-maximizing firm's daily total revenue is
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