Suppose That in the Short Run, the Firm in Problem

question 25

Multiple Choice

Suppose that in the short run, the firm in Problem 3 which has production function F(L, M) must use 9 machines. If the cost of labor is $5 per unit and the cost of machines is $5 per unit, the short-run total cost of producing 108 units of output is

• A) $900.
• B) $540.
• C) $540
• D) .$540.
• E) $450.

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Definitions:

Lap-wound

A winding method for electrical machinery where the coil is wound in such a way that it overlaps itself, commonly used in armatures.

Wave-wound

A type of armature winding in electrical engineering where coils are connected in series to form a continuous and closed circuit, resembling a wave pattern.

Series Field

A type of field winding in a DC generator that is connected in series with the armature, influencing the generator's output.

Shunt Rheostat

A variable resistor connected in parallel with a circuit element to adjust the flow of current through it, allowing for the control of electrical device performance.