Business, 18.04.2020 01:01 tishaadams2160
A firm can use 50 workers and 10 machines, 70 workers and 9 machines, or 75 workers and 9 machines to produce 40 chairs. If each worker costs $20 and each machine is rented for $500, the economically efficient input combination is:
A. 50 workers and 10 machines.
B. 70 workers and 9 machines.
C. 75 workers and 9 machines.
D. none of these input combinations would be efficient.
Answers: 3
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A firm can use 50 workers and 10 machines, 70 workers and 9 machines, or 75 workers and 9 machines t...
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