Solved

Refer to the Following:
the Amount of Total Output Produced

Question 98

Multiple Choice

Refer to the following:
The amount of total output produced from various combinations of labor and capital.

nbsp;nbsp;nbsp;nbsp;nbsp; Units of Capital 1234 Units 120364853 of 238688894 Iabor 35394122133463112148164568120164184\begin{array}{l}     \text { Units of Capital }\\\begin{array} { c c c c c c } & & 1 & 2 & 3 & 4 \\\hline \text { Units } & 1 & 20 & 36 & 48 & 53 \\\text { of } & 2 & 38 & 68 & 88 & 94 \\\text { Iabor } & 3 & 53 & 94 & 122 & 133 \\& 4& 63 & 112 & 148 & 164 \\& 5 & 68 & 120 & 164 & 184\end{array}\end{array}
-If capital is fixed at three units, how much does the fourth unit of labor add to total output?


A) 16
B) 28
C) 34
D) 36
E) none of the above

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions