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

question 365

Multiple Choice

Refer to the information provided in Table 8.4 below to answer the question(s) that follow.
Table 8.4
$$\begin{array} { c c c c } \hline \text { Produce } & \text { Using Techniques } & \text { Units of Variable K } & \text { Inputs L } \\\hline 1 \text { unit of output } & \text { A } & 4 & 4 \\\hline & \text { B } & 2 & 6 \\\hline 2 \text { units of output } & & & \\\hline & \text { A } & 7 & 6 \\\hline& \text { B } & 4 & 10 \\\hline 3 \text { units of output } &\text { A } &8 & 6 \\\hline &\text { B } & 6& 11 \\\hline\end{array}$$
-Refer to Table 8.4. Assuming the price of capital (K) is $10 per unit and the price of labor (L) is $5 per unit, what production technique should this firm use to produce 2 units of output?

• A) production technique A
• B) production technique B
• C) The firm is indifferent between production technique A and production technique B.
• D) It is impossible to determine if the firm should select production technique A or B because total fixed costs are not given.

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Definitions:

Neurogenesis

The process by which new neurons are formed in the brain, which occurs throughout a person's life, particularly in the hippocampus and olfactory bulb.

Myelination

The process of forming a myelin sheath around the nerve fibers to increase the speed at which information travels through the nervous system.

Synapses

The junctions between neurons where the transfer of information occurs through chemical and electrical signals.

Neural Development

The process of growth and change in the nervous system, including the brain's formation, maturation, and connectivity.