2/16/2020 19.01.2020_EPGP-12_SEC-C_ME_QUIZ-02: Attempt review 10.80.252.176/mod/quiz/review.php?attempt=1953&cmid=25 1/7 Dashboard / My courses / mba12c / General / 19.01.2020_EPGP-12_SEC-C_ME_QUIZ-02 Question 1 Correct Mark 1.00 out of 1.00 Question 2 Incorrect Mark 0.00 out of 1.00 Started on Sunday, 19 January 2020, 8:08 PM State Finished Completed on Sunday, 19 January 2020, 8:26 PM Time taken 18 mins 35 secs Grade 10.00 out of 20.00 ( 50 %) The total cost (TC) of producing software diskettes (Q) is given as: TC = 200 +5Q. What is the fixed cost? Select one: a. 200 b. 5Q c. 5 d. 5 + 200/Q e. none of the above. The correct answer is: 200 An examination of the production isoquants in the diagram below reveals that: Select one: a. capital and labor will be used in fixed proportions. b. Capital and labor are perfectly substitutable. c. the MRTS is constant. d. Both B and C are correct. e. none of the above The correct answer is: capital and labor will be used in fixed proportions.
2/16/2020 19.01.2020_EPGP-12_SEC-C_ME_QUIZ-02: Attempt review 10.80.252.176/mod/quiz/review.php?attempt=1953&cmid=25 2/7 Question 3 Incorrect Mark 0.00 out of 1.00 Question 4 Correct Mark 1.00 out of 1.00 Question 5 Incorrect Mark 0.00 out of 1.00 An automobiles manufacturer has the following production function q =5KL where q is the number of autos assembled per eight-hour shift, K is the number of robots used on the assembly line (capital) and L is the number of workers hired per hour (labor). If we use K=10 robots and L=10 workers in order to produce q = 450 autos per shift, then we know that production is: Select one: a. technologically efficient. b. technologically inefficient. c. maximized. d. optimal. The correct answer is: technologically inefficient. Which of the following inputs are variable in the long run? Select one: a. labor b. capital and equipment c. plant size d. all of them The correct answer is: all of them That the Table above shows a short-run situation is evident from Select one: a. the linear marginal revenue function. b. the constant price. c. the increasing marginal cost.
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