At a Certain Output Level,the Per-Unit Cost Incurred by a Firm

question 31

Multiple Choice

At a certain output level,the per-unit cost incurred by a firm to manufacture a product is $5.Other factors remaining constant,what will be the new per-unit cost if the cumulative output is doubled,and the firm is able to achieve an 80 percent learning curve?

• A) $4
• B) $5
• C) $3
• D) $6

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Definitions:

Prolactin

A hormone produced by the anterior pituitary gland that stimulates milk production after childbirth.

Sperm Cell

A male reproductive cell or gamete involved in sexual reproduction.

Ovum

One egg. The female “egg” that unites with the male sperm to begin reproduction.

Uterus

A muscular organ in the female reproductive system where a fertilized egg can develop into a fetus.