Refer to the Following:
Following Is a Firm's Expansion Path

question 89

Multiple Choice

Refer to the following:
Following is a firm's expansion path. The price of capital is $5 per unit; the price of labor is $2 per unit.

$\begin{array}{ccc}&\text { Optimal Imput Choice }\\\text { Units of Output } & \text { Units of Capital }&\text { Units of Labor } \\10 & 6 &5 \\20 & 8 & 10 \\30 & 13 & 20 \\\end{array}$
-How much does the 10th unit of output add to long-run total cost?

• A) zero
• B) $3
• C) $4
• D) $40
• E) none of the above

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Definitions:

Autonomy

The degree of freedom and independence an individual or unit has to make decisions and carry out actions within their role or responsibility.

Freedom

The state of being free or at liberty rather than in confinement or under physical restraint; often includes the power to act, speak, or think without externally imposed restraints.

Detachment

describes a state of emotional disengagement or neutrality, often used as a coping mechanism to maintain objectivity or reduce personal bias.

Exploration

The act of searching for the purpose of discovery of information or resources.