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As the firm increases employment from 2 to 3 workers, its marginal

Refer to Exhibit 28-12. As the firm increases employment from 2 to 3 workers, its marginal factor cost (MFC) is

a.$24.

b.$11.

c.$33.

d.$8.

 

 

 

112.Refer to Exhibit 28-12. As the firm increases employment from 4 to 5 workers, its marginal factor cost (MFC) is

a.$13.

b.$15.

c.$5.60.

d.$28.

 

 

 

113.Refer to Exhibit 28-12. For each quantity of labor hired (after the first worker), marginal factor cost will be

a.less than the corresponding amount in column (2).

b.greater than the corresponding amount in column (2).

c.less than the corresponding amount in column (3).

d.greater than the corresponding amount in column (3).

e.b and d

 

 

 

114.Refer to Exhibit 28-12.  The profit-maximizing number of workers to hire for this firm is

a.2.

b.3.

c.4.

d.5.

e.6.

 

 

 

115.Among the stated objectives of the National Collegiate Athletic Association (NCAA) regulations is to

a.maintain the amateur standing of college athletes.

b.prevent schools with more money from getting all of the good players.

c.enhance the competitiveness of college sports.

d.all of the above

Dec 09 2019 Read more Less More

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