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Author Question: Refer to the information provided in Figure 7.11 below to answer the question(s) that follow. Refer ... (Read 244 times)

jon_i

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Question 1

Refer to the information provided in Figure 7.11 below to answer the question(s) that follow. 






 

Refer to Figure 7.11. If the firm's cost of capital is $30 per unit and its cost of labor is $60 per unit, the isocost line represents a total cost of


◦ $2,000.
◦ $3,000.
◦ $6,000.
◦ $8,000.

Question 2

Refer to the information provided in Figure 7.11 below to answer the question(s) that follow. 






 

Refer to Figure 7.11. The slope of the isocost line is


◦ -2.
◦ -1/2.
◦ 1/2.
◦ 2.


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Marked as best answer by jon_i on Apr 19, 2019

flexer1n1

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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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tth

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Question 1

Refer to the information provided in Figure 7.11 below to answer the question(s) that follow. 






 

Refer to Figure 7.11. At Point 
C, the slope of isoquant 
q
2 = 200 is


◦ -2.
◦ -1/2.
◦ -1.
◦ indeterminate from this information.

Question 2

Refer to the information provided in Figure 7.11 below to answer the question(s) that follow. 






 

Refer to Figure 7.11. If the firm's level of total cost is represented by the given isocost line, the firm's optimal combination of capital and labor is given by


◦ point 
A.
◦ point 
B.
◦ point 
C.
◦ 50 units of capital and 50 of labor.



elyse44

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luminitza

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Question 1

Refer to the information provided in Figure 7.11 below to answer the question(s) that follow. 






 

Refer to Figure 7.11. If the firm's cost of capital is $15 per unit and its cost of labor is $30 per unit, the isocost line represents a total cost of


◦ $2,000.
◦ $3,000.
◦ $6,000.
◦ $8,000.

Question 2

Refer to the information provided in Figure 7.11 below to answer the question(s) that follow. 






 

Refer to Figure 7.11. If the firm's cost of capital is $24 per unit and its cost of labor is $48 per unit, the isocost line represents a total cost of


◦ $2,400.
◦ $3,600.
◦ $4,800.
◦ $7,200.



yahahah24021

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jake

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Question 1

Refer to the information provided in Figure 7.11 below to answer the question(s) that follow. 






 

Refer to Figure 7.11. If the isocost line represents a total cost of $7,200, the firm's cost of capital is ________ per unit and its cost of labor is ________ per unit.


◦ $36; $72
◦ $144; $72
◦ $72; $36
◦ $200; $100

Question 2

Refer to the information provided in Figure 7.11 below to answer the question(s) that follow. 






 

Refer to Figure 7.11. If the firm's cost of capital is $18 per unit, then its cost of labor is ________ per unit.


◦ $1.80
◦ $9
◦ $36
◦ $900



briezy

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