The Following Data Show the Total Output for a Firm

question 23

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.
TABLE 7-4
-Refer to Table 7-4.The average total cost for 250 units of output is approximately

• A)33 cents.
• B)40 cents.
• C)63 cents.
• D)80 cents.
• E)$1.00.

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Definitions:

Standing Committees

Permanent committees established in a legislative body that focus on specific subject areas, like finance or agriculture, to consider bills and issues continuously.

Line Positions

Roles within an organization that are directly involved in its core business activities, typically involving decision-making authority.

Male Counterparts

Refers to men in roles, positions, or situations corresponding to those of women or others for comparison purposes.

Underutilized

Not used to its fullest potential or capacity.