Author Question: The following data show the total output for a firm when different amounts of labour are combined ... (Read 53 times)

ninaj · **on:** Oct 12, 2022

Question 1

A firm can raise financial capital without incurring debt by
◦ increasing its bank loans.
◦ issuing bonds.
◦ making extra dividend payments.
◦ investing in new capital equipment.
◦ issuing new shares.

Question 2

The following data show the total output for a firm when different amounts of labour are combined with a fixed amount of capital. Assume the wage per unit of labour is $10 and the cost of the capital is $50.

Labour per period	Total output per period
0	0
1	10
2	30
3	90
4	132
5	150

TABLE 7-3

Refer to Table 7-3. The average product of labour is highest when the firm hires
◦ 1 unit of labour.
◦ 2 units of labour.
◦ 3 units of labour.
◦ 4 units of labour.
◦ 5 units of labour.

queenBea90 · **Reply #1 on:** Oct 12, 2022

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