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 43 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
Gracias!


duy1981999

  • Member
  • Posts: 341
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

For a complete list of videos, visit our video library