When a Particular Firm Is Fully Utilizing Its Capital,its Output

question 26

Multiple Choice

When a particular firm is fully utilizing its capital,its output is given by Y = 10 × .The cost of labor is $1 per unit.To maximize profit,how many units of labor should this firm use?

• A)25
• B)5
• C)3.16
• D)100
• E)50

---

Definitions:

Future Earnings

Refers to the projected income or profits that an individual, company, or asset is expected to generate in the future.

Minimum Wage

The lowest legal hourly pay that employers can offer to workers, set by government legislation to protect employees from unduly low compensation.

Case Against

Arguments or reasoning presented in opposition to a particular idea, policy, or practice.

Case For

Arguments or reasons supporting a particular idea, policy, or action, often involving evidence or rationale.