The Data in the Table Is for a Firm in Which

question 156

Multiple Choice

The data in the table is for a firm in which labour is the only variable cost and each unit of labour costs the same regardless of how many units are bought.

-Refer to the information above to answer this question.As one reads down the MC column,what is the pattern in the numbers?

• A)They fall until the fourth unit of labour used and then rise.
• B)They fall until the fifth unit of labour used and then rise.
• C)They rise until the fourth unit of labour used and then fall.
• D)They rise until the fifth unit of labour used and then fall.
• E)They continually rise.

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Definitions:

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The national flag of the United States, consisting of thirteen horizontal stripes and fifty stars representing the states.

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The active and conscious effort to encode or process information into the memory.

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An intellectual mechanism of finite capability designed to briefly maintain information for further processing.

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A form of sensory memory that temporarily stores visual information and has a very brief retention period.