Use the Following to Answer Questions $\text {Table: Bonnie's Production Function for Good Z}$

question 29

Multiple Choice

Use the following to answer questions : $\text {Table: Bonnie's Production Function for Good Z}$
$\text {The table describes Bonnie's production function for }$
$\text {Good Z. Assume labour is the only variable input that}$
$\text { Bonnie uses to produce Good Z.}$

$\begin{array}{lr}\hline \text {Quantity of}&\text {Quantity of}\\\text {Labour Hired}&\text {Good Z Produced}\\\text {(workers) }&\text {(per time period) }\\\hline 0 & 0 \\ 1 & 75 \\ 2 & 150 \\ 3 & 250 \\ 4 & 325 \\ 5 & 375\end{array}$

-(Table: Bonnie's Production Function for Good Z) Use Table: Bonnie's Production Function for Good Z.Suppose Bonnie spends $300 per month to rent the building,$100 per month on insurance,and $100 per worker per month.Given this information,Bonnie's monthly fixed costs equal:

• A) $400.
• B) $300.
• C) $500.
• D) $100.

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