Economics 9708 · AS & A Level · Factors of production

Factors of production — practice question

The table presents the short-run production function of a firm, with labour as the variable factor of production. If workers are employed in a perfectly competitive labour market at a wage rate of $50 per day, at what point will the labour cost per unit of output be at its minimum?

  • A2 workers
  • B3 workers
  • C4 workers
  • D5 workers

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