How many workers will the firm employ each day

Reference no: EM133613786

Problem: Consider the following table showing two possible production technologies that can be used to produce a clothing line. If the cost of workers is $100 per worker per day, the cost of machines is $100 per machine per day, and a firm is producing one clothing line per day, how many workers will the firm employ each day if it is minimizing cost? Production Technologies Cost of Capital Cost of Labor Production Technology A $300 $400 Production Technology B $500 $300

Reference no: EM133613786

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