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Author Question: Refer to the information provided in Table 8.1 below to answer the question(s) that follow. Refer to ... (Read 22 times)

nautica902

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on: Apr 19, 2019

Question 1

________ are likely a fixed cost of a firm.


◦ Wages paid to employees
◦ The payments for supplies
◦ Lease payments for office space
◦ Travel expenses to meet with clients

Question 2

Refer to the information provided in Table 8.1 below to answer the question(s) that follow. 





 


Refer to Table 8.1. Assuming the price of labor (
L) is $5 per unit and the price of capital (
K) is $10 per unit, what production technique should this firm use to produce 2 units of output?


◦ production technique A
◦ production technique B
◦ The firm is indifferent between production technique A and production technique B.
◦ It is impossible to determine if the firm should select production technique A or B because total fixed costs are not given.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by nautica902 on Apr 19, 2019

miss.ashley

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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nautica902

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

shewald78

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Reply 3 on: Yesterday
Wow, this really help

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