43 The production festion of a fins is Q-100 Irk-100, P-L-30 and r-40 what is the quantity of labour t hire in order to maximize its sed pecfits? A. 500 B. 150 100 D. 50 1 1 firm should 44. Manisha is willing to aade 1 apples for 1 orange when she has apples and 5 oranges. She is also willing to trade 6 apples for 2 ges when she has 12 apples and 1 oranges. She is indifferent between bundle (6, 5) and bundle (12,3). What is the shape of the indifference curve? Linear B. L-shaped Positive slope D. Vertical line The cost function cw, y)-ya is A. Monotonic and concave Monotonic but not concave C. Concave but not monotonic D. Neither Monotonic nor concave 46. The amount of money we can take away from an individual, after an economic change, hefore the economic change, is called as

43 The production festion of a fins is Q-100 Irk-100, P-L-30 and r-40 what is the quantity of labour t hire in order to maximize its sed pecfits? A. 500 B. 150 100 D. 50 1 1 firm should 44. Manisha is willing to aade 1 apples for 1 orange when she has apples and 5 oranges. She is also willing to trade 6 apples for 2 ges when she has 12 apples and 1 oranges. She is indifferent between bundle (6, 5) and bundle (12,3). What is the shape of the indifference curve? Linear B. L-shaped Positive slope D. Vertical line The cost function cw, y)-ya is A. Monotonic and concave Monotonic but not concave C. Concave but not monotonic D. Neither Monotonic nor concave 46. The amount of money we can take away from an individual, after an economic change, hefore the economic change, is called as

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: The Cost Of Production

Section12.1: What Are Costs?

Problem 1QQ

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Question

43. The production function of a fan is 0-100
K-100, P-Lw-30 and r 40 what is the quantity of labour that the firm should
hire in order to maxime it total profits?
A. 500
B. 150
100
D. 50
T
44. Manisha is willing to urade 3 apples for 1 orange when she has 6 apples and 5 oranges. She
is also willing to trade to apples for 2 oranges when she has 12 apples und 3 oranges. She is
indifferent between bundle (6, 5) and bundle (12, 3). What is the shape of the indifference
curve?
Linear
B. L-shaped
Positive slope
D. Vertical line
45 The cost function c(w, y) yw is
A. Monotonic and concave
Monotonic but not concave
C. Concave but not monotonic
D. Neither Monotonic nor concave
46. The amount of money we can take away from an individual, after an economic change,
while having him as well off as he was before the economic change, is called as
A. Compensating variation
B. Equivalent variation
C. Consumer surplus
D. None of the above

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