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.
- One fixed and three variable inputs
- Two fixed and two variable inputs
- Three fixed and one variable inputs
- Four fixed and no variable inputs
Homework Answers
Answer #1
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