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QUESTION

/unit and a unit of capital costs $400, what production method should be chosen? What method should be chosen if the cost of labor rises to $200/unit?...

If hiring labor for the winter costs $100/unit and a unit of capital costs $400, what production method should be chosen? What method should be chosen if the cost of labor rises to $200/unit?

CHOOSE THE CORRECT ANSWER:

A) METHOD 1

B) METHOD 2

C) METHOD 3

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