The Following Data Show the Total Output for a Firm

question 45

Multiple Choice

The following data show the total output for a firm when different amounts of labour are combined with a fixed amount of capital.Assume that the wage per unit of labour is $10 and the cost of the capital is $50.
TABLE 7-3
-Refer to Table 7-3.What is the total output per period when this firm is employing labour such that the marginal product of labour is at its maximum?

• A)30
• B)60
• C)90
• D)132
• E)150

Understand the demographic factors influencing economic immigration decisions.

Evaluate the impact of immigration policies on welfare payments and the economy.

Recognize the significance of remittances ("backflows") in the context of immigration.

Understand the implications of labor mobility on national income per capita and business income.

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Definitions:

Valuable

Something of great worth or importance, often with financial, cultural, or emotional significance.

Large Numbers

Numerical values that are significantly larger than those ordinarily used in everyday life, often involved in scientific, mathematical, or statistical contexts.

Uncultivated Fruit

Fruits that grow in the wild without human intervention for agricultural purposes.

Skins

The outer protective layer of the bodies of animals or humans, often referred to as the largest organ of the body.