Miguel decides how many taco trucks to buy to start a street taco business. He decides that 4 trucks will maximize his profits. Then the bank where he planned to borrow to finance his investment calls him and tells that his interest rate went up from 8% to 11%. What is the optimal number of trucks to buy now? a. 2 b. 3 c. 4 d. 5 e. There is insufficient information to answer the question

Miguel decides how many taco trucks to buy to start a street taco business. He decides that 4 trucks will maximize his profits. Then the bank where he planned to borrow to finance his investment calls him and tells that his interest rate went up from 8% to 11%. What is the optimal number of trucks to buy now? a. 2 b. 3 c. 4 d. 5 e. There is insufficient information to answer the question

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter1: What Economics Is About

Section: Chapter Questions

Problem 1WNG

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