Consider the Following Production and Cost Schedule for a Firm

question 82

Multiple Choice

Consider the following production and cost schedule for a firm.The first column shows the number of units of a variable factor of production employed by the firm.
TABLE 13-3
-Refer to Table 13-3.The increase in total revenue generated by hiring the 5th unit of the factor of production is

• A)-$11.00.
• B)-$2.00.
• C)$2.00.
• D)$7.50.
• E)$11.00.

---

Definitions:

Styloid Process

A slender, pointed piece of bone just below the ear, attached to ligaments and muscles associated with the tongue and hyoid bone.

Olecranon Fossa

A deep notch on the posterior side of the humerus bone, into which the olecranon process of the ulna fits when the arm is extended.

Lateral Epicondyle

A bony prominence on the outer side of the elbow, to which forearm muscles are attached.

Deltoid Tuberosity

A roughened area on the middle of the outer surface of the humerus, where the deltoid muscle attaches.