Table 18-12
The table displays data for a small, competitive, profit-maximizing firm that produces and sells envelopes. The time frame is one week.
-Refer to Table 18-12. Let Q represent the number of boxes of envelopes produced per week. One point on this firm's production function is
A)(L = 1, Q = 106).
B)(L = 2, Q = 92).
C)(L = 2, Q = 106).
D)(L = 2, Q = 240).

Question

Table 18-12
The table displays data for a small, competitive, profit-maximizing firm that produces and sells envelopes. The time frame is one week. 
-Refer to Table 18-12. Let Q represent the number of boxes of envelopes produced per week. One point on this firm's production function is
A)(L = 1, Q = 106). 
B)(L = 2, Q = 92). 
C)(L = 2, Q = 106). 
D)(L = 2, Q = 240).

Quizplus · Accepted Answer

The Answer of Table 18-12
The table displays data for a small, competitive, profit-maximizing firm that produces and sells envelopes. The time frame is one week. 
-Refer to Table 18-12. Let Q represent the number of boxes of envelopes produced per week. One point on this firm's production function is
A)(L = 1, Q = 106). 
B)(L = 2, Q = 92). 
C)(L = 2, Q = 106). 
D)(L = 2, Q = 240).

Table 18-12 The Table Displays Data for a Small, Competitive, Profit-Maximizing Firm