Consider an economy where the only consumption good is ice cream. Firms in this economy must: a. hire all workers and rent all machines available b. choose how many workers to hire and ice cream machines to rent c. choose how many workers to hire and rent all machines available d. hire all workers and choose how many machines to rent e. None of these answers are correct.
Consider an economy where the only consumption good is ice cream. Firms in this economy must: a. hire all workers and rent all machines available b. choose how many workers to hire and ice cream machines to rent c. choose how many workers to hire and rent all machines available d. hire all workers and choose how many machines to rent e. None of these answers are correct.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Consider an economy where the only consumption good is ice cream. Firms in this economy must:
a.
hire all workers and rent all machines available
b.
choose how many workers to hire and ice cream machines to rent
c.
choose how many workers to hire and rent all machines available
d.
hire all workers and choose how many machines to rent
e.
None of these answers are correct.
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