If a certain type of machine costs $1500 per year and annually produces output that sells for $3 per unit according to the production schedule
then the optimal number of machines of this type is
A) 2
B) 3
C) 4
D) 5
E) 6 or more
Correct Answer:
Verified
Q15: Technological improvements have larger effects on output
A)
Q16: Which of the following gained the most
Q17: Which of the following does not directly
Q18: Convergence refers to
A) the reunification of formerly
Q19: Investing in capital is profitable as long
Q21: The rate at which a country saves
Q22: For an economy with a Cobb-Douglas production
Q23: For an economy with the production function
Q24: If the rate of investment exceeds the
Q25: The Demographic transition is temporary because
A) higher
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