Use the Following Table to Complete the Following Problem

question 26

Essay

Use the following table to complete the following problem.

a. Complete the table, given that L is labor units, Q is output per day, and that L is the only variable input.
b. Suppose the firm is producing between 260 and 290 units of output per day and that the price per unit of input L is $60.00. If at that level of production the marginal product of the only fixed input, capital, is 48 units per day, should the firm consider adding to its capital equipment if the price of a unit of capital is $360? Explain.

---

Definitions:

Sentinel

A special value used in programming to indicate the end of a data structure, such as an array or list.

Indirection Operator

The '*' operator in C and C++, used to access the value at the address pointed to by a pointer variable.

C

A versatile, procedural programming language designed for general use that allows structured programming, defines the scope of variables lexically, and supports recursive functions.