The Following Table Shows Total Output Produced by Different Units

question 78

Multiple Choice

The following table shows total output produced by different units of capital. Table 28.3
The marginal revenue product of a resource is the product of the marginal product of the resource and the marginal revenue.
In Table 28.3, if there exists perfect competition in the capital market and the price per unit of capital is ten times the price of the product, the marginal factor cost at the profit maximizing level of employment is:

• A)$60.
• B)$50.
• C)$40
• D)$30
• E)$20

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Definitions:

Cash Conversion Cycle

A metric that measures the time it takes for a company to convert its investments in inventory and other resources into cash flows from sales.

Inventory Collection

The process of organizing and managing products or stock that a company holds for sale to customers.

Inventory Payment

The financial transactions related to the purchasing of inventory, either on a cash or credit basis.

Cash Conversion Cycle

A measurement that gauges the duration required for a business to transform its investments in stock and other assets into cash flows from customer purchases.