If MC in plant 1 is 5 and MC in plant 2 is 4, a firm wanting to produce two units should:
A) contract them out.
B) produce them both in plant 2.
C) both them both in plant 1.
D) split them between the two plants.
Correct Answer:
Verified
Q1: Suppose TP(L)=5L2+40. MP(L)is:
A)10L.
B)10L + 40.
C)5L + 40.
D)10L
Q2: Marginal product:
A)is the slope of the total
Q3: Suppose TP(L)= 5L2 + 40. AP(L)is:
A)5L +
Q4: Given the production function y = min
Q5: The cost to a cab driver of
Q7: The US "cash for clunkers" program took
Q8: Advertising costs are:
A)avoidable and fixed.
B)fixed and sunk.
C)variable
Q9: The higher the level of FC:
A)the lower
Q10: K and L are perfect substitutes in
Q11: Figure 6A
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