$400Answers:a. $0b. $400c. $200
d. $1,000Question 131 out of 1 pointsThe main difficulty in applying marginal analysis isSelected Answer:b. determining which costs and revenues are relevant to a particular decisionAnswers:a. calculating total costb. determining which costs and revenues are relevant to a particular decisionc. calculating average costd. All of the aboveQuestion 141 out of 1 pointsUse the following to answer questions 3-8:Number of WorkersTotal Cost01000122002320034000446005500065200756008620097000108000If the firm hires 8 workers, the total fixed costs isSelected Answer:b. $1,000Answers:a. $600b. $1,000c. $6,200
d. $1,200Question 151 out of 1 pointsAccording to the law of diminishing returnsSelected Answer:c. Production increases at a decreasing rateAnswers:a. Production decreases at an increasing rateb. Production decreases at a decreasing ratec. Production increases at a decreasing rated. Production increases at a increasing rate
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