Economics > EXAM > Southeastern Louisiana University ECON 705 Mod 4 Assessment Exam Newest | 100% Verified (All)
Southeastern Louisiana University ECON 705 Mod 4 Assessment Exam Newest | 100% Verified
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5. With three employees, APAP = and MPMP = . Select one: a. 45; 27.5 b. 30; 40 c. 60; 35 d. 50; 30 6. With four employees, TPTP = and APAP = . Select one: a. 155; 38.75 b. 165; 41.25 c. ... 160; 40 d. 180; 45 7. In economics, a cost which must be paid regardless of the level of output production is called Select one: a. a fixed cost. b. zero marginal cost. c. diminishing returns. d. elastic overhead. 8. When a technology improvement increases the output per employee, then the cost per unit of output will Select one: a. become negative. b. increase. c. not change. d. decrease. Complete the table below before attempting the next three questions. Output TCTC 0 $2000 100 $2300 200 $2,450 300 $2,700 [Show More]
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