Question

Consider the following table showing three possible production technologies that can be used to produce 200...

Consider the following table showing three possible production technologies that can be used to produce 200 cars per month. If the cost of workers is $3,000 per worker per month and the cost of machines is $25,000 per machine per month, what is the total cost of production for the technology that minimizes the firm's cost of production?

Car manufacturing plant
Production technology A 150 workers 12 machines
Production technology B 80 workers 20 machines
Production technology C 30 workers 27 machines
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