The Following Data Show the Total Output for a Firm

question 46

Multiple Choice

The following data show the total output for a firm when different amounts of labour are combined with a fixed amount of capital.Assume that the wage per unit of labour is $10 and the cost of the capital is $50.
TABLE 7-3
-Refer to Table 7-3.The average product of labour is highest when the firm hires

• A)1 unit of labour.
• B)2 units of labour.
• C)3 units of labour.
• D)4 units of labour.
• E)5 units of labour.

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Definitions:

Dominance

A characteristic or behavior indicative of a person's ability to exert control or influence over others.

Sexual Behavior

Actions or practices concerning sex, including the expressions of sexuality and preferences, which vary widely among individuals.

Aloof

Displaying a reserved or detached manner, often indicative of feelings of superiority or disinterest.

Periodically Abandoned

Refers to something that is repeatedly left unused or neglected for intervals of time.