A Firm Is Using 500 Units of Capital and 200

question 18

Multiple Choice

A firm is using 500 units of capital and 200 units of labor to produce 10,000 units of output. Capital costs $100 per unit and labor $20 per unit.The last unit of capital added 50 units of output,while the last unit of labor added 20 units of output.The firm

• A)is using the cost-minimizing combination of capital and labor.
• B)should use more of both inputs in equal proportions.
• C)should use less of both inputs in equal proportions.
• D)could produce the same level of output at a lower cost by using more capital and less labor.
• E)could produce the same output at a lower cost by using less capital and more labor.

Understand the impact of external factors like technology on attention and sleep patterns.

Discuss the psychological and physiological explanations for sleep phenomena like sleepwalking and night terrors.

Understand the concept and value of autonomy and integration in fostering innovation and efficiency within organizations.

Identify and differentiate between the notions of exploiting and exploring within ambidextrous organizations.

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Definitions:

Selling Price

The amount of money a customer pays to purchase a product or service.

Market Interest Rate

The prevailing rate of interest available in the marketplace for securities of similar risk and maturity.

Contractual Interest Rate

The interest rate stated on the face of a loan or bond agreement, which represents the percentage of interest that the borrower must pay to the lender.

Premium

The amount paid for an insurance policy or the amount by which a bond or stock sells above its face value.