Question: Consider the example we did in class: Suppose that each output unit generates $10. An extra resource (1, 2, or 3) can be leased for
Consider the example we did in class: Suppose that each output unit generates $10. An extra resource (1, 2, or 3) can be leased for $14 per hour. If you have a budget of $28 (that is, you can lease at most two resources), should you go for it? If yes, which one/ones should you lease? And how much is your net hourly gain if you are about to lease?
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