In one day Portal Computer Company made 400 laptops with 1200 hours of labor. What was its productivity?

Economies of scale can occur as a result of which of the following?

A) increasing marginal returns as the firm increases its size B) lower fixed cost as the firm increases its size C) management difficulties as the firm increases its size D) greater specialization of labor and capital as the firm increases its size E) increased total cost when the firm increases its size

One explanation that behavioral economists give for procrastination and other time-inconsistent behavior is

A) people's personal discount rate is greater in the far future than in the near future. B) people's personal discount rate is smaller in the far future than in the near future. C) people's personal discount rate is the same in the far future as in the near future. D) None of the above.