This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The following data show the total output for a firm when specified amounts of labour are combined ... (Read 28 times)

lol1012

  • Full Member
  • ***
  • Posts: 149
on: Oct 12, 2022

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.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


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
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.
Answer Preview
Only 29% of students answer this correctly


lol1012

  • Member
  • Posts: 149
Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

mammy1697

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Total fertility rates (TFRs) among major regions of the world. Total fertility rates (TFRs) among major regions of the world.
Functional MRI Scans These scans of human brains show localized average increases in neural activity Functional MRI Scans These scans of human brains show localized average increases in neural activity
The output on this alternator is printed on a label. The output on this alternator is printed on a label.
Total radiative forcing ~1.63 Wm-2 Total radiative forcing ~1.63 Wm-2
British Output and Productivity Growth, 1760–1913 British Output and Productivity Growth, 1760–1913
Ribosome structure and tRNA-binding sites interpreted from cryo-EM–generated data Ribosome structure and tRNA-binding sites interpreted from cryo-EM–generated data
Video: Action potentials - electrical characteristics and generation

For a complete list of videos, visit our video library