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. Which of the following points is not a point on this firm's production function?
A)(L = 2, Q = 240).
B)(L = 3, Q = 332).
C)(L = 4, Q = 408).
D)(L = 5, Q = 494).

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. Which of the following points is not a point on this firm's production function?
A)(L = 2, Q = 240). 
B)(L = 3, Q = 332). 
C)(L = 4, Q = 408). 
D)(L = 5, Q = 494).

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. Which of the following points is not a point on this firm's production function?
A)(L = 2, Q = 240). 
B)(L = 3, Q = 332). 
C)(L = 4, Q = 408). 
D)(L = 5, Q = 494).

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