The Data in the Table Is for a Firm in Which

question 97

Multiple Choice

The data in the table is for a firm in which labour is the only variable cost and each unit of labour costs the same regardless of how many units are bought.

-Refer to the information above to answer this question.As one reads down the TVC column,what is the pattern in the numbers?

• A)They fall until the fifth unit of labour used and then rise.
• B)They rise until the fifth unit of labour used and then fall.
• C)They continuously rise.
• D)They continuously fall.
• E)There is no clear pattern.

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An entitlement or permission backed by the law or legal system, allowing or empowering action or possession.

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Adhesion Contract

A standardized contract drafted by one party (usually a business) with stronger bargaining power and presented on a "take it or leave it" basis to the other party.

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