Question

Output (unit) Input 1 ($) Input 2 ($) Input 3 ($)  Input 4 ($) ...

Output (unit)

Input 1 ($)

Input 2 ($)

Input 3 ($) 

Input 4 ($) 

10,000

50,000

20,000

70,000

10,000

20,000

50,000

40,000

70,000

40,000

30,000

50,000

60,000

70,000

90,000

40,000

50,000

80,000

70,000

160,000

50,000

50,000

100,000

70,000

250,000

The table shows, that the firm costs $50,000 on input 1, $20,000 on input 2, $70,000 on input 3, and $10,000 on input 4 to produce 10,000 units of output as shown on the second row.Please choose what the fixed and variable costs of the table are.

  1. One fixed and three variable inputs
  2. Two fixed and two variable inputs
  3. Three fixed and one variable inputs
  4. Four fixed and no variable inputs

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