Use the Following Table to Answer the Question Below: the Amount

question 96

Multiple Choice

Use the following table to answer the question below: The amount of total output produced from various combinations of labor and capital. $$\begin{array} { c c c c c c } & & { \text { Units af Capital } } \\ & & 1 & 2 & 3 & 4 \\& 1 & 50 & 120 & 160 & 180 \\\text { Units } & 2 & 110 & 260 & 360 & 390 \\\text { of } & 3 & 150 & 360 & 510 & 560 \\\text { Lebor } & 4 & 170 & 430 & 630 & 690 \\& 5 & 160 & 480 & 710 & 790\end{array}$$ If the capital stock is fixed at one unit,how much does the third unit of labor add to total output?

• A)20
• B)40
• C)60
• D)80
• E)none of the above

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Definitions:

Silver Futures

Contracts for the future delivery of silver at a price agreed upon today, used for hedging and speculative trading.

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