The Following Data Show the Total Output for a Firm

question 33

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 total cost when producing 150 units of output is approximately

• A)33 cents.
• B)40 cents.
• C)67 cents.
• D)80 cents.
• E)$1.50.

---

Definitions:

Adolescent Egocentrism

The tendency for adolescents to focus on themselves and what others think of them, often accompanied by a sense of uniqueness and invincibility.

Imaginary Audience

The belief, common in adolescence, that one is constantly being observed and evaluated by others.

Personal Fable

Another aspect of adolescent egocentrism; the belief that our feelings and ideas are special and unique and that we are invulnerable.

Assimilation

The cognitive process in which new information is integrated into pre-existing schemas or knowledge structures.