The Following Table Shows Total Output Produced by Different Units

question 50

Multiple Choice

The following table shows total output produced by different units of capital. Table 14.3
The marginal revenue product of a resource is the product of the marginal product of the resource and the marginal revenue.
In Table 14.3,if there exists perfect competition in the capital market and the price per unit of capital is ten times the price of the product,the marginal factor cost at the profit maximizing level of employment is:

• A)$60.
• B)$50.
• C)$40
• D)$30
• E)$20

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Definitions:

Tension

A physical or psychological state of being stretched tight which can refer to the force applied to something or a feeling of strain and anxiety.

Trachea

A cylindrical tube within the respiratory system that provides air flow to and from the lungs for respiration.

Bronchi

Major passages of the respiratory system that diverge from the windpipe (trachea) and direct air into the lungs.

Cilia

Microscopic, hair-like structures on the surface of cells that move in a waving motion to transport substances across the cell surface.