The table below shows the number of units of labour and capital used in 4 alternative production techniques for producing 1000 widgets per month.TechniqueAВLabour20404635Сaptal46392159If the price of labour is $9 and the price of capital is $6, which production technique minimizes the costs of producing 1000 units of output?.....O A. AО В. ВОС. DO D. CO E. Any of the techniques have the same cost.

The cost of production is delineated in political economy because the expenses exhausted to urge the…

e table below shows the number of units of labour and capital used in 4 alternative production techniques for producing 1000 widgets per month. Technique Labour A B D 20 40 46 35 Сapital 46 39 21 59 he price of labour is $9 and the price of capital is $6, which production technique minimizes the costs of producing 1000 units of output? ..... А. А В. В C. D D. C E. Any of the techniques have the same cost.

e table below shows the number of units of labour and capital used in 4 alternative production techniques for producing 1000 widgets per month. Technique Labour A B D 20 40 46 35 Сapital 46 39 21 59 he price of labour is $9 and the price of capital is $6, which production technique minimizes the costs of producing 1000 units of output? ..... А. А В. В C. D D. C E. Any of the techniques have the same cost.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

The table below shows the number of units of labour and capital used in 4 alternative production techniques for producing 1000 widgets per month.
Technique
A
В
Labour
20
40
46
35
Сaptal
46
39
21
59
If the price of labour is $9 and the price of capital is $6, which production technique minimizes the costs of producing 1000 units of output?
.....
O A. A
О В. В
ОС. D
O D. C
O E. Any of the techniques have the same cost.

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