The Following Data Show the Total Output for a Firm

question 134

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 marginal product of labour is at its maximum when the firm changes the amount of labour hired from

• A)0 to 1 unit.
• B)1 to 2 units.
• C)2 to 3 units.
• D)3 to 4 units.
• E)4 to 5 units.

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Definitions:

Crime Rates

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A system of rules and regulations enforced by recognized institutions or authorities to maintain and establish order within society.

Probation Officers

Individuals appointed to supervise offenders who are either released on probation instead of serving time in prison or have already served a part of their sentences.

Principals

Leaders of schools or educational institutions responsible for the administration, management, and implementation of educational policies.