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Author Question: The table below provides information on output per month and short-run costs for a firm producing ... (Read 62 times)

BSITTON

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on: Oct 12, 2022

Question 1

Which of the following is the best example of an input to production that is an intermediate product?
◦ a textile factory
◦ the skills and training of a web designer
◦ a sewing machine
◦ computer circuit boards
◦ 40 acres of farmland

Question 2

The table below provides information on output per month and short-run costs for a firm producing outdoor wooden lounge chairs. All costs are in dollars.

QTotal Fixed Cost Total Variable CostTotal Cost
  5200200 400
10200220 420
15200240  440
20200260  460
25200350  550
302008101010

TABLE 7-5

Refer to Table 7-5. At what level of output is this firm at its capacity?
◦ 10 chairs
◦ 15 chairs
◦ 20 chairs
◦ 25 chairs
◦ 30 chairs
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by BSITTON on Oct 12, 2022

jacquelyngibson

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Reply #1 on: Oct 12, 2022
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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BSITTON

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

xthemafja

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Reply 3 on: Yesterday
Gracias!

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