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7. An executive at a manufacturing plant that produces personal computers is attempting to decide whether or not to produce one or more of a certain type of computer. Which of the following is the executive most likely to consider when making this decision? a. The amount of rent that is paid for the manufacturing facility b. The amount of outstanding debt used for capital improvements last year C. The corporate tax rate in effect for the next fiscal year. d. The change in cost resulting from the production of one or more unit of this type of computer 8. Assume that one laborer can produce 8 units of output, 2 laborers 19 units, three laborers 24 units, and four laborers 28 units. If the cost is $20 per unit of labor and total costs for producing 8 units are $360, what are total fixed costs? a. $20 b. $160 c. $340 d. $45* e. Total fixed costs cannot be detemined from the information given. 9. The demand curve for all firms is downward sloping. a. True b. False 10. In which of the following market structures are fims interdependent? Perfect Competition b. Monopolistic competition Oligopoly C.

7. An executive at a manufacturing plant that produces personal computers is attempting to decide whether or not to produce one or more of a certain type of computer. Which of the following is the executive most likely to consider when making this decision? a. The amount of rent that is paid for the manufacturing facility b. The amount of outstanding debt used for capital improvements last year C. The corporate tax rate in effect for the next fiscal year. d. The change in cost resulting from the production of one or more unit of this type of computer 8. Assume that one laborer can produce 8 units of output, 2 laborers 19 units, three laborers 24 units, and four laborers 28 units. If the cost is $20 per unit of labor and total costs for producing 8 units are $360, what are total fixed costs? a. $20 b. $160 c. $340 d. $45* e. Total fixed costs cannot be detemined from the information given. 9. The demand curve for all firms is downward sloping. a. True b. False 10. In which of the following market structures are fims interdependent? Perfect Competition b. Monopolistic competition Oligopoly C.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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