The Table Shows the Total Output a Firm Will Be

question 163

Multiple Choice

The table shows the total output a firm will be able to produce if it employs varying amounts of resource X while holding the amounts of the other resources constant. Assume that the product price is constant at $3.00 per unit. How many units of resource X will be employed if its price is $24 per unit?

• A)3
• B)4
• C)5

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Definitions:

Numbering Systems

A system of assigning numbers to items in a way that demonstrates their order, position, or identification.

Incorporating Graphs

The action of including graphical representations of data or information within a document or presentation.

Roman Numerals

A numeral system originating in ancient Rome, using combinations of letters from the Latin alphabet to signify values.

Flowchart

A graphical representation of a process, showing the steps as boxes of various kinds, and their order by connecting them with arrows.