The Following Data Show the Total Output for a Firm

question 31

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 variable cost when this firm is producing 90 units of output is

• A)17 cents.
• B)33 cents.
• C)68 cents.
• D)89 cents.
• E)98 cents.

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Definitions:

Organization Development

A field of study and practice focused on improving organizational efficiency and effectiveness through planned interventions.

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An approach characterized by methodical planning and organization, often applied to procedures and processes.

Passive Observers

Individuals who watch events unfold without becoming involved or influencing the outcome.

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