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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
