A Firm Produces 4,000 Units of Output Using 500 Workers

question 46

Multiple Choice

A firm produces 4,000 units of output using 500 workers.Marginal cost is $10,the wage rate is $160,and total fixed cost is $100,000.When output is 4,000 units,

• A)average variable cost is decreasing.
• B)average variable cost is increasing.
• C)average total cost is decreasing.
• D)average total cost is increasing.
• E)both a and c

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Definitions:

Function

The natural purpose or action for which a person or thing is designed or exists.

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The official power to make legal decisions and judgments, often within a defined territory or area of responsibility.

Judge

A designated authority tasked with making judgments in legal disputes within a courtroom.

Jury

A group of citizens assembled to make a decision or find facts in a legal case based on evidence presented.