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A graph plots output versus cost. The horizontal axis is labeled output (teapots per day), and the vertical axis is labeled cost (dollars). The horizontal axis ranges from 0 to 20 in increments of 5 units, and the vertical axis ranges from 0 to 150 in increments of 50 units. An upward curve labeled, C passes through points (6,150), (10,100), (14,100), (15, 100), and, (17, 100). An upward curve labeled, B passes through points (5,80), (10,80), (14,80), (15,80), and, (17,80). A downward curve labeled, A passes through points (5,80), (10,40), (14,30), (15,20), and (17,20). An upward curve is labeled as D. All the values are estimated.

Refer to Figure 10.3.2, which illustrates the short-run average and marginal cost curves. Which curve illustrates the firm's marginal cost?

Curve B minus curve A

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If, when a woollen mill increases the number of workers from 2 to 3, the mill's output increases from 10 to 15 sweaters what is the mill's marginal product?

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Which of the following equations is correct?

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How is a firm's economic depreciation calculated?

It is the change in the market price of capital over a given period.

It is the deterioration of the physical appearance of capital.

It is the same as depreciation calculated by an accountant.

It is paid in cash.

It is equal to economic profit minus normal profit.

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Gerald is a freelance writer who would earn $25,000 a year if he worked for a media outlet, but instead runs his own business, which makes revenue of $40,000 a year. His only business expenses are $1,000 for writing materials and $12,000 for rent. What is Gerald's economic profit from working as a freelance writer?

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Which of the following events occurs when the firm experiences diseconomies of scale?

The firm's LRAC curve is horizontal.

The firm's LRAC curve slopes downward.

The firm's average total cost falls as it uses more resources.

The firm's average total cost rises as it increases its output.

The firm's total fixed cost increases.

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Table 10.2.2

Short Description: A table shows Rob's Repair Shop's total product schedule. Long Description: The column headings from left to right are labour (workers per day) and output (repairs per day). The row entries are as follows. Row 1. 0, 0. Row 2. 1, 2. Row 3. 2, 8. Row 4. 3, 12. Row 5. 4, 15. Row 6. 5, 16.

Refer to Table 10.2.2 which gives Rob's Repair Shop's total product schedule. When Rob's employs four workers, what is Rob's Repair Shop's average product?

8 repairs per worker

2 repairs per worker

3.75 repairs per worker

15 repairs per worker

12 repairs per worker

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Which of the following statements describes the firm's total product curve?

The total product curve shows the

minimum cost of producing a given amount of output using a given technology.

change in total product for a given change in marginal product.

maximum output that a given quantity of labour can produce.

maximum profit from each unit of output sold.

maximum output that can be produced as technology advances.

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Table 10.4.2

The title of the table is A Firm's Production Function. The first column of the table is titled Labour in workers per day. The second, third, and fourth columns are titled Output in sweaters per day. The second column has output for plant size 1 knitting machine, the third column has output for plant size 2 knitting machines, and the fourth column has output for plant size 3 knitting machines..The rows display the data as follows:1; 5; 11; 142; 11; 16;193; 14; 19; 234; 16; 21; 255; 17; 22; 26

Refer to Table 10.4.2, which sets out a factory's production function. If the factory increases both the number of knitting machines and the number of workers employed from 1 to 2 per day, which of the following situations occurs?

The factory experiences

economies of scale.

constant marginal product of labour.

diseconomies of scale.

constant marginal product of capital.

constant returns to scale.

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Що з перерахованого відноситься до тріади смерті у пацієнта з геморагічним шоком?

Гіпоксія

Гіпертермія

Гіпотензія

Ацидоз

100%

Коагулопатія

100%

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