Table 12-5 -Refer to Table 12-5.Assume That Fixed Costs Are $500,and Variable

question 419

Multiple Choice

Table 12-5

-Refer to Table 12-5.Assume that fixed costs are $500,and variable costs are $100 per worker.For this firm,what are the shapes of the production function and the total-cost curve?

• A) Both the production function and total-cost curve are increasing at an increasing rate.
• B) Both the production function and total-cost curve are increasing at a decreasing rate.
• C) The production function is increasing at a decreasing rate,whereas the total-cost function is increasing at an increasing rate.
• D) The production function is increasing at an increasing rate,whereas the total-cost function is increasing at a decreasing rate.

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A neurological disorder caused by a non-progressive brain injury or malformation that occurs while the child’s brain is under development.

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A surgical procedure involving the removal of a portion of the skull to relieve pressure on the brain.

Surgical Excision

A surgical procedure that involves removing tissue or an organ.

Skull

The bony structure forming the head, protecting the brain, and supporting the structures of the face.