As Assistant Vice President in Charge of Production for a Computer

question 47

Multiple Choice

As assistant vice president in charge of production for a computer firm, you are asked to calculate the cost of producing 170 computers. The production function is q= min{x, y} where x and y are the amounts of two factors used. The price of x is $18 and the price of y is$10. What is your answer?

• A) $2,580
• B) $4,760
• C) $8,460
• D) $6,180
• E) None of the above.

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Definitions:

Assimilation

The process by which a person or a group's language and/or culture come to resemble those of another group.

Assimilation

The method through which people or groups from various ethnic backgrounds become assimilated into a society's prevailing culture.

Piaget's Concept

A theory developed by Jean Piaget that describes the cognitive development of children in four stages from birth to adolescence.

Characteristics

Distinctive traits or features that identify and differentiate individuals, objects, or concepts.