This topic contains a solution. Click here to go to the answer

Author Question: The following data show the total output for a firm when specified amounts of labour are combined ... (Read 42 times)

lol1012

  • Full Member
  • ***
  • Posts: 149

Question 1

A firm that is maximizing its profits by producing a certain level of output must also be
◦ minimizing its variable costs.
◦ maximizing its sales.
◦ maximizing its revenue.
◦ minimizing its cost of producing that output.
◦ maximizing its output.

Question 2

The following data show the total output for a firm when specified amounts of labour are combined with a fixed amount of capital. When answering the questions, you are to assume that the wage per unit of labour is $25 and the cost of the capital is $100.

Labour per unit of timeTotal output
0  0
1 25
2 75
3175
4250
5305
TABLE 7-4

Refer to Table 7-4. Average fixed costs for 305 units of output is approximately
◦ 41 cents.
◦ 74 cents.
◦ 45 cents.
◦ 33 cents.
◦ $3.05.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by lol1012 on Oct 12, 2022

jbsuccess1

  • Full Member
  • ***
  • Posts: 158
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.
Answer Preview
Only 29% of students answer this correctly




lol1012

  • Member
  • Posts: 149
Reply 2 on: Oct 12, 2022
Wow, this really help


Liddy

  • Member
  • Posts: 342
Reply 3 on: Yesterday
Excellent

 

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

For a complete list of videos, visit our video library