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

question 111

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 marginal cost of producing the third unit of output is

• A) $30.
• B) $40.
• C) $50.
• D) indeterminate from this information.

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Definitions:

Cyclobutanol

A four-membered cyclic alcohol characterized by a ring containing three carbon atoms and one oxygen atom in the ring, bonded to a hydroxyl group.

Molecular Formula

A notation that shows the number and type of atoms in a molecule, without indicating how they are bonded together.

Line-Angle Structure

A shorthand diagrammatic method used in organic chemistry to represent chemical structures with lines representing bonds and angles representing chemical bonds without the need to draw all atoms.

Lewis Structure

An illustration depicting the bonds among a molecule's atoms and the potential unshared electron pairs present.