Examlex

Solved

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.  Units af Capital 1234150120160180 Units 2110260360390 of 3150360510560 Lebor 41704306306905160480710790\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?


Definitions:

British Monarchy

The constitutional monarchy of the United Kingdom, headlined by a queen or king, and representing the historic ceremonial figurehead of the country.

Colonists

Individuals or groups who settle in a new land but remain subjects or citizens of their parent state.

Differences

Distinct characteristics or aspects that set people, things, or concepts apart from each other.

Boston

A historic city in Massachusetts, United States, one of the oldest cities in the country, and site of several key events during the American Revolution, such as the Boston Tea Party and the Battle of Bunker Hill.

Related Questions