Table 7-4 Table 7-4 shows a production relationship. Assuming the capital stock is fixed at three units and the cost per day of labor is $65, what is the most labor that it is efficient to hire if the product price is $1 per unit?
A)2
B)3
C)4

Question

Table 7-4  Table 7-4 shows a production relationship. Assuming the capital stock is fixed at three units and the cost per day of labor is $65, what is the most labor that it is efficient to hire if the product price is $1 per unit?
A)2 
B)3 
C)4

Quizplus · Accepted Answer

The Answer of Table 7-4  Table 7-4 shows a production relationship. Assuming the capital stock is fixed at three units and the cost per day of labor is $65, what is the most labor that it is efficient to hire if the product price is $1 per unit?
A)2 
B)3 
C)4

Table 7-4 Table 7-4 Shows a Production Relationship