The Following Data Show the Total Output for a Firm

question 26

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.
TABLE 7-4
-Refer to Table 7-4.The total variable cost of producing 305 units of output is

• A)$100.
• B)$125.
• C)$225.
• D)$305.
• E)$325.

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Definitions:

Logistics

The management of the flow of goods between the point of origin and the point of consumption in order to meet the requirements of customers or corporations.

Marketing Resource Allocation

The process of allocating marketing budget and resources across different channels, campaigns, and activities to optimize the return on investment.

P2P

Short for peer-to-peer, a decentralized communications model in which each party has the same capabilities and either party can initiate a communication session.

Service Companies

Businesses that provide intangible products, such as expertise, experience, and activities, to consumers or other businesses in exchange for payment.