Question 1 The Volcano companies have the following cost structure:

TC = 200 + 2X + 2X^3

The fixed cost is given by:

A) 200 b) 200 +2X c) 2 + 6X d) 2X + 2X^3

Question 2 The cost of a product, as long as it is not sold, represents for the company: a) An expense. b) An asset. c) A profit. d) A passive.

Question 3 Mr. Perez wants to fill his vehicle with gasoline and wash it. At the pump on the corner, where the price per liter is $77. If you carry 19 liters you must pay for washing ($50); however, if you load 20 liters it is washed for free. What is the marginal cost of the twentieth liter? a) 47 b)77 c)37 d)27

Question 4 The variation in total production caused by an increase in the product of one additional unit of a contracted production factor is given in the following table:

Total production	work factor
150	1
165	2

What is the marginal productivity?

a)2 second) 1 c)12 d)15

Question 5 The marginal productivity of capital is:

a) The number of additional units of product resulting from hiring one more unit of capital b) The number of additional units of capital that must be contracted to produce one more unit of output. c) The number of additional units of product resulted from hiring one more unit of work. D) The total work product divided by the number of units of work contracted.

Question 6 The variation in total production caused by an increase in the product of one additional unit of a contracted production factor is given in the following table:

Total production	work factor
150	1
151	2

What is the marginal productivity?

a)12 b)6 c)1 d)15

Question 7 The marginal productivity of labor is:

a) The total work product divided by the number of units of work contracted. b) The number of additional units of product resulted from hiring one more unit of work. c) The number of additional work units that must be hired to maintain the level of production. d) The number of additional units of work that must be contracted to produce one more unit of output.

Question 8 As we add more units of the variable factor, in the short run, the average product is:

a) Increasing. b)0 c) Decreasing. d) Maximum.

Question 9 When dealing with the economic theory of the company, the short term is defined as a period during which it is possible:

a) Vary the quantity of the product, but not the capacity of the plant. b) Collect data about costs, but not about production. c) Vary the capacity of the plant and the quantity of the product. d) Vary the capacity of the plant, but not the quality of the product.

Question 10 The variation in total production, caused by an increase in the product of one additional unit of a contracted productive factor, is given in the following table:

Total production	work factor
150	1
156	2

What is the marginal productivity?

a)12 b)1 c) 15 d)6

i need only alternative correct, not explaint