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10. The Costs of Production
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10. The Costs of Production
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10. The Costs of Production / Isoquant Lines / Problem 13
Problem 13
If a factory can produce 1000 units using either 10 workers and 5 machines or 5 workers and 10 machines, what does this illustrate?
A
Different combinations of labor and capital can achieve the same level of production.
B
Decreasing the number of workers always decreases production.
C
The factory is operating at maximum efficiency.
D
Increasing the number of machines always increases production.
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