Examlex

Solved

The Following Data Show the Total Output for a Firm

question 105

Multiple Choice

The following data show the total output for a firm when specified amounts of labour are combined with a fixed amount of capital.When answering the questions,you are to assume that the wage per unit of labour is $25 and the cost of the capital is $100.
The following data show the total output for a firm when specified amounts of labour are combined with a fixed amount of capital.When answering the questions,you are to assume that the wage per unit of labour is $25 and the cost of the capital is $100.    TABLE 7-4 -Refer to Table 7-4.The average total cost of producing 75 units of output is A) $1. B) $2. C) $0.80. D) $0.67. E) $1.33. TABLE 7-4
-Refer to Table 7-4.The average total cost of producing 75 units of output is


Definitions:

Schedules of Reinforcement

The rules or plans for determining when and how often reinforcements will be given to maintain a desired behavior.

Level of Reinforcement

The degree or intensity of reinforcement which influences the likelihood of a behavior being repeated.

Choice Behavior

The cognitive process involved in deciding between two or more alternatives.

Humans

Humans, scientifically known as Homo sapiens, are a species of bipedal primates characterized by their advanced cognitive abilities, language use, and capacity to create complex tools, cultures, and societies.

Related Questions