Author Question: In the above table, the efficient level of output is A) 2,000 units. B) 3,000 units. C) 4,000 ... (Read 91 times)

roselinechinyere27m · **on:** Jun 29, 2018

In the above table, the efficient level of output is

A) 2,000 units.
B) 3,000 units.
C) 4,000 units.
D) 5,000 units.

Question 2

Minneapolis business Rogue Chocolatier sells specialty chocolate bars with a high cocoa content. Most chocolate companies use already processed chocolate to craft their sweets.

But Rogue buys raw cocoa beans, and roasts and grinds them until they're in a liquid state and then runs the chocolate through a big squat machine with rollers. Which statement is TRUE for Rogue? A) Raw cocoa beans are a variable factor of production and the machine is a fixed factor of production.
B) Both processed chocolate and raw cocoa beans are variable factors of production.
C) Processed chocolate is a variable factor of production and the machine is a fixed factor of production.
D) Processed chocolate and raw cocoa beans are variable factors of production and the machine is a fixed factor of production.