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Consider the following table showing two possible production technologies that can be used to produce a clothing line. If the cost of workers s is
Consider the following table showing two possible production technologies that can be used to produce a clothing line. If the cost of workers s is $ 110 per worker per day, and the cost of machines is $ 150 per machine per day, what is the number of machines that minimizes the firm's cost of production? Production technologies Cost of capital Cost of Labor Production technology A $ 300 $ 330 Production technology B $ 450 $ 220
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