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Use the Following to Answer Questions Table: Bonnie’s Production Function for Good Z\text {Table: Bonnie's Production Function for Good Z}

Question 349

Multiple Choice

Use the following to answer questions : Table: Bonnie’s Production Function for Good Z\text {Table: Bonnie's Production Function for Good Z}
The table describes Bonnie’s production function for \text {The table describes Bonnie's production function for }
Good Z. Assume labour is the only variable input that\text {Good Z. Assume labour is the only variable input that}
 Bonnie uses to produce Good Z.\text { Bonnie uses to produce Good Z.}

Quantity ofQuantity ofLabour HiredGood Z Produced(workers) (per time period) 001752150325043255375 \begin{array}{lr}\hline \text {Quantity of}&\text {Quantity of}\\\text {Labour Hired}&\text {Good Z Produced}\\\text {(workers) }&\text {(per time period) }\\\hline 0 & 0 \\ 1 & 75 \\ 2 & 150 \\ 3 & 250 \\ 4 & 325 \\ 5 & 375\end{array}

-(Table: Bonnie's Production Function for Good Z) Use Table: Bonnie's Production Function for Good Z.The costs that vary with Bonnie's level of production are her:


A) fixed costs.
B) variable costs.
C) rent and insurance.
D) costs that remain the same regardless of what she produces.

Correct Answer:

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