In the Table Below,the Capital Stock Is Fixed at 40

question 18

Multiple Choice

In the table below,the capital stock is fixed at 40 units,the price of capital is $15 per unit,and the price of labor is $80 per unit. $$\begin{array} { c c } \text { Units of } & \text { Units of } \\\text { Labor } & \text { Output } \\\hline 5 & 40 \\10 & 100 \\15 & 180 \\20 & 220\end{array}$$ How much does the 50th unit of output add to the firm's total cost?

• A)$6.67
• B)$10
• C)$400
• D)$600
• E)none of the above

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Definitions:

Contraband Camps

Settlements where formerly enslaved individuals sought refuge behind Union lines during the American Civil War.

Escaped Slaves

Enslaved individuals who fled from their captors in search of freedom, often facing extreme risks and challenges during their escape.

Morale of the Troops

The confidence, enthusiasm, and discipline of members of the military during an operation or while preparing for battle.

Senator John Crittenden

A 19th-century American politician known for the Crittenden Compromise, an attempt to prevent the Civil War.