Examlex

Solved

The Following Table Shows the Total Output Produced in a Factory

question 20

Multiple Choice

The following table shows the total output produced in a factory at various levels of employment of labor.The firm sells each unit of output at $2 and each worker is paid a wage of $32.
Table 5-1
The following table shows the total output produced in a factory at various levels of employment of labor.The firm sells each unit of output at $2 and each worker is paid a wage of $32. Table 5-1    -Refer to Table 5-1.When the firm employs _____ workers,marginal profit per unit of output is at its maximum. A) 7 B) 5 C) 6 D) 3 E) 9
-Refer to Table 5-1.When the firm employs _____ workers,marginal profit per unit of output is at its maximum.


Definitions:

Federal Consumer Protection Laws

Legislation enacted by the federal government aimed at ensuring consumer rights are upheld, preventing fraud, deception, and unfair business practices.

Lemon Laws

are state laws in the United States designed to protect consumers from buying or leasing defective vehicles that cannot be repaired satisfactorily.

Right to Cover

The Right to Cover allows a party to make a purchase of goods or services from another source if the original seller breaches the contract, often seeking reimbursement for any cost difference.

Installment Sale

A method of sale that allows the buyer to make payments over a period of time, eventually leading to ownership of the product or property.

Related Questions