Consider the Following Production and Cost Schedule for a Firm

question 71

Multiple Choice

Consider the following production and cost schedule for a firm.The first column shows the number of units of a variable factor of production employed by the firm. $$\begin{array} { | c | l | l | c | } \hline \begin{array} { c } \text { Total Number of } \\\text { Units of the Factor }\end{array} & \begin{array} { c } \text { Total Number of } \\\text { Units of Output }\end{array} & \begin{array} { l } \text { Price per Unit } \\\text { of Output }\end{array} & \begin{array} { c } \text { Total Cost } \\\text { of Production }\end{array} \\\hline 2 & 12 & \$ 10 & \$ 50 \\\hline 3 & 20 & \$ 9 & \$ 55 \\\hline 4 & 26 & \$ 8 & \$ 60 \\\hline 5 & 30 & \$ 7 & \$ 65 \\\hline 6 & 32 & \$ 6 & \$ 70 \\\hline 7 & 32 & \$ 5 & \$ 75 \\\hline\end{array}$$ TABLE 13- 3
-Other things being equal,if it becomes more difficult to substitute capital for labour in the production of cell phones,the demand curve for labour in that industry

• A)will shift parallel to the left.
• B)will become more inelastic.
• C)will shift parallel to the right.
• D)will remain unchanged.
• E)will become more elastic.

---

Definitions:

Epistemology of the Closet

An exploration of how the closet metaphor relates to secrecy and knowledge in discussions around sexuality and gender.

Homosexual Panic

A defensive reaction or excuse for aggressive behavior towards homosexuals, based on an alleged sudden fear of gay advances.

Homosexual Melancholy

An outdated term possibly referencing the sadness or depression experienced by homosexual individuals due to societal rejection or pressure.

Sexual Power

The capacity or ability derived from one's sexuality to influence, control, or manipulate others within sexual or social relationships.