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Suppose that capital costs $10 per unit and labour costs $4 per unit. If the marginal product of capital is 50 and the marginal product of labour is 50, the firm should ________ in order to minimize its costs of producing its output.
employ less capital and more labour
100%
employ less capital and labour
0%
NOT change its current factor use
0%
employ more capital and labour
0%
employ more capital and less labour
0%
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In the long run, what happens to inputs?
None of the above.
0%
Inputs that were fixed in the short run become variable.
100%
Inputs that were fixed in the short run remain fixed.
0%
Inputs that were variable in the short run will increase.
0%
Inputs that were variable in the short run will decrease.
0%
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Suppose a firm experiences decreasing returns to scale. This is shown graphically by
an increasing marginal product curve.
0%
a downward-sloping long-run average cost curve.
0%
a horizontal long-run average cost curve.
0%
an upward-sloping long-run average cost curve.
100%
a downward-sloping long-run marginal-cost curve.
0%
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Suppose the long-run average cost curve is U-shaped. When LRAC is in the increasing stage, there exist
diseconomies of scope.
0%
None of the above.
0%
economies of scope.
0%
economies of scale.
0%
diseconomies of scale.
100%
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Constant returns to scale exist when long-run average costs
fluctuates as output increases.
0%
decrease as output is increased.
0%
None of the above.
0%
increase as output is increased.
0%
remain constant as output is increased.
100%
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When do economies of scale occur?
None of the above.
0%
when average fixed costs are falling
0%
when long-run average costs fall as output increases
100%
when long-run average costs rise as output increases
0%
when average fixed costs are constant
0%
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The average product of energy equals
total product divided by the quantity of energy used.
100%
the slope of the total product curve.
0%
the difference between the total product and the marginal product of energy.
0%
the increase in total product divided by the increase in energy used.
0%
the slope of the marginal product curve.
0%
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What does marginal cost tell us?
None of the above.
0%
the amount by which total cost rises when output is increased by one unit
100%
the marginal increment to profitability when price is constant
0%
the value of all resources used in a production process
0%
the amount by which output rises when labour is increased by one unit
0%
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Визначити найменшу кількість входів у
елемент
ів базису Буля, які реалізують ФАЛ f=ce, якщо (~x) познача
є
інверсію x, а багатовходові
елемент
и мають необме
ж
ену кількість входів.
9
❌
8
❌
D
❌
10
❌
4
❌
3
❌
A
❌
0
❌
C
❌
1
❌
7
❌
E
❌
2
✅
B
❌
6
❌
5
❌
F
❌
View this question
Визначити найменшу кількість входів у
елемент
ів базису Буля, які реалізують ФАЛ f=bc(~e), якщо (~x) познача
є
інверсію x, а багатовходові
елемент
и мають необме
ж
ену кількість входів.
9
❌
8
❌
D
❌
10
❌
4
✅
3
❌
A
❌
0
❌
C
❌
1
❌
7
❌
E
❌
2
❌
B
❌
6
❌
5
❌
F
❌
View this question
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