2000 Returns te scale: 0.33 1500 1000 k oice Price 2 10 15 20 25 3035 40 Size dength in feeti Rental price 100 The interactive above is from the loarning object, it will automatically find the profit maximizing length of the truck Adam should rent at given prices, rental rates, productivities, and returns to scale. t only the productivity of the truck Adam chooses to rent decreasos, which of the following would be truo at the new profit maximizing level of output and length of truck? Select the hwo that apply D A decrease in marginal cost O A decrease in total costs O A decrease in total revenue An incroase in the amount of labor Adam hires
2000 Returns te scale: 0.33 1500 1000 k oice Price 2 10 15 20 25 3035 40 Size dength in feeti Rental price 100 The interactive above is from the loarning object, it will automatically find the profit maximizing length of the truck Adam should rent at given prices, rental rates, productivities, and returns to scale. t only the productivity of the truck Adam chooses to rent decreasos, which of the following would be truo at the new profit maximizing level of output and length of truck? Select the hwo that apply D A decrease in marginal cost O A decrease in total costs O A decrease in total revenue An incroase in the amount of labor Adam hires
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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