Suppose That for a Particular Firm the Only Variable Input

question 611

Multiple Choice

Suppose that for a particular firm the only variable input into the production process is labor and that output equals zero when no workers are hired. In addition, suppose that the average total cost when 5 units of output are produced is $30, and the marginal cost of the sixth unit of output is $60. What is the average total cost when six units are produced?

• A)$10
• B)$25
• C)$30
• D)$35

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Definitions:

No Eye Contact

This refers to a communication behavior where individuals avoid looking directly into each other's eyes during interaction, often interpreted differently across cultures.

Power Distance

The extent to which less powerful members of organizations and institutions accept and expect power to be distributed unequally.

Assertiveness

The quality of being self-assured and confident without being aggressive, allowing for clear and respectful communication of one's opinions and needs.

Collectivism

A cultural value that prioritizes group goals over individual goals and emphasizes the importance of cohesion within social groups.