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* Correct answers will receive 1 mark. Incorrect answers will receive - 1 mark. An answer left blank will receive 0 marks. So decide carefully

*Correct answers will receive 1 mark. Incorrect answers will receive -1 mark. An answer left blank will receive 0 marks. So decide carefully before you answer.***
With 1 Machine
Q workers
Q balls
TC
VC
FC
20
1000
1900
400
1500
40
2000
2300
800
1500
60
3000
2700
1200
1500
80
4000
3100
1600
1500
100
5000
3500
2000
1500
120
6000
3900
2400
1500
With 2 Machines
Q workers
Q balls
TC
VC
FC
20
1000
3400
400
3000
40
2000
3800
800
3000
60
3000
4200
1200
3000
80
4000
4600
1600
3000
100
5000
5000
2000
3000
120
6000
5400
2400
3000
With 3 Machines
Q workers
Q balls
TC
VC
FC
20
1000
4540
40
4500
40
2000
4580
80
4500
60
3000
4620
120
4500
80
4000
4660
160
4500
100
5000
4700
200
4500
120
6000
4740
240
4500
Suppose that the above producer makes baseballs. Their fixed costs, variable costs and total costs are in the table. If the producer is in the long run and they are producing 5000 baseballs, they will choose to produce with 3 machines
Select one:
a.
False
b.
True

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