A Firm Can Use 5 Workers and 10 Machines, 7

question 109

Multiple Choice

A firm can use 5 workers and 10 machines, 7 workers and 9 machines, or 8 workers and 9 machines to produce four cars. If each worker costs $200 and each machine is rented for $50, the economically efficient input combination is:

• A) 5 workers and 10 machines.
• B) 7 workers and 9 machines.
• C) 8 workers and 9 machines.
• D) 12 workers and 19 machines.

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Definitions:

Principle of Wholeness

A concept suggesting that systems or entities are more than the sum of their parts and should be viewed as complete wholes.

Macrosystem

The cultural and societal influences on a child.

Open and Closed Boundaries

Terms used to describe the degree of accessibility and limits set within systems or relationships.

System

A set of interconnected elements or components that are organized for a particular purpose or function.