The Following Data Show the Total Output for a Firm

question 98

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. $$\begin{array}{l}\begin{array} { | l | l | } \hline \text { Labour per period } & \text { Total Output per period } \\\hline 0 & 0 \\\hline 1 & 10 \\\hline 2 & 30 \\\hline 3 & 90 \\\hline 4 & 132 \\\hline 5 & 150 \\\hline\end{array}\\\text { TABLE 7- } 3\end{array}$$
-Refer to Table 7- 3. If this firm is producing 20 units of output per period its marginal cost is

• A) $1.67.
• B) $10.00.
• C) $1.00.
• D) 50 cents.
• E) 16.7 cents.

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Definitions:

Aerial Perspective

A visual perception cue based on the understanding that objects farther away appear less defined, lighter, and bluer than objects that are closer, contributing to depth perception.

Motion Parallax

A depth cue that involves the apparent relative motion of stationary objects as observed by a moving observer, which aids in depth perception.

Retinal Disparity

The slight difference in the visual images that reach each eye, leading to the perception of depth.

Depth Perception

The visual ability to perceive the world in three dimensions (3D) and the distance of an object.