Upon Opening a Printing and Copy Shop, a Firm Budgets

question 13

Multiple Choice

Upon opening a printing and copy shop, a firm budgets $30,000 for copy machines and labor. If the price of labor is $30 per hour, what is the horizontal intercept of the isocost line when labor is measured on the horizontal axis?

• A) 75 hours
• B) 1,000 hours
• C) 90,000 hours
• D) 300,000 hours
• E) It is impossible to tell from the information given.

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Definitions:

Frits Went

A botanist known for his pioneering work on plant hormones and their role in plant growth and development.

Auxin

A class of plant hormones that play a key role in coordinating growth and behavioral processes, including cell elongation and branching.

Kenneth Thimann

A renowned botanist and biochemist, best known for his work in plant physiology, particularly in the discovery of auxins, a class of plant growth hormones.

Frits Went

A pioneering scientist in botany renowned for his groundbreaking research on the role of plant hormones in growth and development.