The Following Data Show the Total Output for a Firm

question 106

Multiple Choice

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. $$\begin{array} { | l | c | } \hline \text { Labour per unit of time } & \text { Total output } \\\hline 0 & 0 \\\hline 1 & 25 \\\hline 2 & 75 \\\hline 3 & 175 \\\hline 4 & 250 \\\hline 5 & 305 \\\hline\end{array}$$ TABLE 7- 4
-Refer to Table 7- 4.The total cost of producing 175 units of output is

• A)$100.
• B)$75.
• C)$175.
• D)$350.
• E)$150.

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Definitions:

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The presidential term of James Monroe, the fifth President of the United States, from 1817 to 1825, noted for the Monroe Doctrine, pronouncing opposition to European colonialism in the Americas.

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A state of agreement and cooperation among different political factions or parties, often resulting in more effective governance.

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The ability of an individual to think, reason, and understand, encompassing aspects like creativity, problem-solving, and memory.