Firm a Can Produce a Unit of Output with 10

question 44

Multiple Choice

Firm A can produce a unit of output with 10 hours of labour and 5 units of capital. Firm B can produce a unit of output with 5 hours of labour and 10 units of capital. Firm C can produce a unit of output with 10 hours of labour and 10 units of capital. If the prices of labour and material are $10 and $5, respectively which firm is technologically efficient?

• A)A only
• B)B only
• C)C only
• D)A and B
• E)A and C

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Definitions:

Visual Field

the entire area that can be seen without the eye moving, including what is seen centrally and peripherally.

Control Condition

A standard or baseline condition in an experiment against which changes are measured.

Fine Movement Deficits

Impairments in the ability to perform small, precise movements, often resulting from neurological or muscular dysfunctions.

Parietal Lobe

A region of the cerebral cortex involved in processing sensory information regarding the location of parts of the body as well as interpreting visual information and processing language and mathematics.