If the firm sells each pencil for $4.15 and produces 100 pencils at a total cost $375, assume fixed cost is $115, is the firm profitable at quantity of 100, if so what is the profit?

a.

No, the firm is breaking even

b.

Yes, $75

c.

Yes $40

d.

No, the firm is making a loss

The relationship between the factors of production and the output of goods and services.

a.

Production function

b.

Level of variable proportion

c.

Production stages

d.

Marginal Product

Clear my choice