AutoSave . Off) Blue Exam 2 - Econ 301 - Spring 2019 - Word Search Vasili, Justin B VJ X File Home Insert Draw Design Layout References Mailings Review View Help Shape Format Share Comments & Cut v 12 ~ A" A Aa Ap AaBbCcD AaBbCcD AaBbC( AaBbCct Aa B Find Calibri (Body) AaBbCCD Lol [ Copy Gc Replace Paste BI U~ ab X x A LA~ 1 Normal 1 No Spac. Heading 1 Heading 2 Title Subtitle Dictate Sensitivity Editor Reuse Format Painter Select Files Clipboard Font Paragraph Styles Editing Voice Sensitivity Editor Reuse Files Short Run Costs of production for the XYZ Corporation are shown in the graph below: MC ATC 62 AVC O 56 36 1,200 1,800 Q XYZ uses only two inputs in production, Labor and Capital, which it obtains in perfectly competitive markets... Capital is fixed in this short run period,.. L. XYZ is employing 250 units of capital... The rental rate of capital equals per unit of capital. a) 98.60 b) 105.00 c) 112.50 * d) 124.80 None of the above 2. At 1,800 units of output XYZ is employing 300 units of labor,. .The wage it is paying equals per unit of labor. a) 232.00 b) 348.00 C) 364.00 d) 380.00 e) None of the above 3. At output level Q = 1,800, the marginal product of capital equals 2.15. We can determine in the long run that at this level of output, given current technology: a) XYZ will not be able to decrease its per unit cost below 56. b) XYZ can reduce its per unit cost of production below 56 using less labor, and more capital. c) XYZ can reduce its per unit cost of production below 56 using more labor, and less capital. d) XYZ can reduce its per unit cost of production below 56 only if it is able pay a lower wage to its labor. Page 1 of 6 1664 words CX Focus - + 80% W 8:34 PM Type here to search X 620F ~ 11/17/2021