The Table Below Shows Output,marginal Cost,and Average Variable Cost for the Production

question 11

Multiple Choice

The table below shows output,marginal cost,and average variable cost for the production of pairs of shoes.All costs are in dollars. $$\begin{array} { | c | c | c | } \hline \text { Output } & \begin{array} { c } \text { Marginal } \\\text { Cost }\end{array} & \begin{array} { c } \text { Average } \\\text { Variable Cost }\end{array} \\\hline 50 & 60 & 140 \\\hline 70 & 45 & 115 \\\hline 90 & 35 & 95 \\\hline 110 & 30 & 80 \\\hline 130 & 35 & 65 \\\hline 150 & 60 & 60 \\\hline 170 & 105 & 65 \\\hline 190 & 180 & 75 \\\hline 210 & 230 & 90 \\\hline 230 & 290 & 110 \\\hline\end{array}$$ TABLE 7- 6
-Refer to Table 7- 6.The firm's marginal product of its variable factor is maximized when it produces units of output.

• A)90
• B)110
• C)50
• D)170
• E)100

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Definitions:

Physiological Psychology

A branch of psychology that studies the relationship between physiological processes and behaviors.

Psychoanalysis

A therapeutic approach that explores the unconscious mind, aiming to uncover and resolve conflicts and psychological issues.

Selye

Refers to Hans Selye, a pioneering endocrinologist who defined the General Adaptation Syndrome, a theory of stress response.

Freud

Sigmund Freud, an Austrian neurologist who founded the discipline of psychoanalysis.