The following data show the total output for a firm when specified amounts of labour are combined with a fixed amount of capital.When answering the questions,you are to assume that the wage per unit of labour is $25 and the cost of the capital is $100.
TABLE 7-4
-Refer to Table 7-4.The total cost of producing 175 units of output is
A)$75.
B)$100.
C)$150.
D)$175.
E)$350.

Question

The following data show the total output for a firm when specified amounts of labour are combined with a fixed amount of capital.When answering the questions,you are to assume that the wage per unit of labour is $25 and the cost of the capital is $100.
  TABLE 7-4
-Refer to Table 7-4.The total cost of producing 175 units of output is
A)$75. 
B)$100. 
C)$150. 
D)$175. 
E)$350.

Quizplus · Accepted Answer

The Answer of The following data show the total output for a firm when specified amounts of labour are combined with a fixed amount of capital.When answering the questions,you are to assume that the wage per unit of labour is $25 and the cost of the capital is $100.
  TABLE 7-4
-Refer to Table 7-4.The total cost of producing 175 units of output is
A)$75. 
B)$100. 
C)$150. 
D)$175. 
E)$350.

The Following Data Show the Total Output for a Firm