# Refer to scenario 13 8 according to an economist

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94.Refer to Scenario 13-8.According to an economist, which of the following revenue totals will yield Ellie’sbusiness \$50,000 in economic profits?a.\$55,200b.\$100,200c.\$132,500d.\$185,700
8. For a firm, the relationship between the quantity of inputs and quantity of output is called the
Figure 13-1TP2TP1InputsOutput
Chapter 13/The Costs of Production69.Refer to Figure 13-1. Suppose the production function shifts from TP1 to TP2.Such a shift in the totalproduct curve is most likely due to an increase in the firm's
11.Refer to Figure 13-1. Which of the following could explain why the total product curve would shift from TP1to TP2?
20. Let L represent the number of workers hired by a firm, and let Q represent that firm's quantity of output.Assume two points on the firm's production function are (L= 5,Q= 125) and (L= 6,Q= 162). Then themarginal product of the 6th worker isa.25 units of output.b.27 units of output.c.37 units of output.d.162 units of output.
21.Let L represent the number of workers hired by a firm, and let Q represent that firm’s quantity of output.Assumetwo points on the firm’s production function are (L=6,Q=147) and (L=7,Q=174). The marginalproduct of the seventh worker is
24. The marginal product of any input is the

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