Refer to TABLE 4. The total variable cost (TVC) of producing 5 units is:

a. $37.

b. $48.

c. $24.

d. $61.

The total output of a firm will be at its maximum level where:

a. marginal production is at its maximum.

b. Labor productivity is at its lowest.

c. marginal production is zero.

d. Labor productivity is at its maximum.

According to GRAPH 5, the diseconomies of scale:

a. starts at production level Q3.

b. they occur only in the Q1Q3 range of production.

c. they occur in the 0Q1 range of production.

d. They are evident at all levels of production.

In a perfectly competitive market, marginal revenue is:

a. higher or lower than the market price.

b. equal to the market price.

c. less than the market price.

d. higher than the market price.

Refer to GRAPH 1. The marginal cost will reach its minimum level when hiring:

a. Q1 worker units

b. Q3 units of workers.

c. Q2 worker units

d. 0 workers

TARLA 4. 0 Cantidad de Trabajadores