In the above table, the efficient level of output is A) 2,000 ...

[roselinechinyere27m]

In the above table, the efficient level of output is
 
  A) 2,000 units.
  B) 3,000 units.
  C) 4,000 units.
  D) 5,000 units.

Question 2

Minneapolis business Rogue Chocolatier sells specialty chocolate bars with a high cocoa content. Most chocolate companies use already processed chocolate to craft their sweets.
 
  But Rogue buys raw cocoa beans, and roasts and grinds them until they're in a liquid state and then runs the chocolate through a big squat machine with rollers. Which statement is TRUE for Rogue? A) Raw cocoa beans are a variable factor of production and the machine is a fixed factor of production.
  B) Both processed chocolate and raw cocoa beans are variable factors of production.
  C) Processed chocolate is a variable factor of production and the machine is a fixed factor of production.
  D) Processed chocolate and raw cocoa beans are variable factors of production and the machine is a fixed factor of production.

[catron30]

Answer to Question 1

C

Answer to Question 2

A

[roselinechinyere27m]

Great answer, keep it coming

[FergA]

Thanks for the timely response, appreciate it