Refer to the Information Provided in Table 8 -Refer to Table 8

question 357

Multiple Choice

Refer to the information provided in Table 8.1 below to answer the question(s) that follow.
Table 8.1 $$\begin{array} { l c c c } \text { Produce } & \begin{array} { c } \text { Using } \\\text { Techniques }\end{array} & \begin{array} { c } \text { Units of Variable } \\\text { K }\end{array} & \begin{array} { c } \text { Inputs } \\\text { L }\end{array} \\\hline \text { 1 unit of output } & & & \\& \text { A } & 8 & 8 \\& \text { B } & 4 & 12 \\\text { 2 units of output } & & & \\& \text { A } & 14 & 12 \\& \text { B } & 8 & 20 \\3 \text { units of output } & & & \\& \text { A } & 16 & 12 \\& \text { B } & 12 & 22 \\\hline\end{array}$$
-Refer to Table 8.1. Assume the price of labor (L) is $5 per unit, the price of capital (K) is $10 per unit, and that firms attempt to minimize costs. The total variable cost of producing one unit of output is

• A) $16.
• B) $100.
• C) $120.
• D) $220.

---

Definitions:

Audio And Video Messages

Communications that are delivered through sound and visual media, often used for presentations, marketing, or online content.

Large Growth

A substantial increase in size, number, value, or strength.

Crowdsourcing

The practice of obtaining information, ideas, or content by soliciting contributions from a large group of people, particularly from an online community.

Document Version

A specific iteration of a text or file that has been edited or updated from its original form, often tracked for revision history and collaboration purposes.