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

question 19

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 four units and there are three units of labor,what is the average product of labor?

• A)50
• B)140
• C)157.5
• D)170
• E)none of the above

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Definitions:

Dromos

An ancient Greek term for an entranceway or avenue leading to a public building, temple, or tomb, typically lined with sphinxes or sculptures.

Kamares Ware

A type of Minoan pottery characterized by its intricate designs, fine quality, and the use of vivid colors, named after the cave of Kamares on Crete.

Minoan

Pertaining to the ancient civilization that flourished on the island of Crete during the Bronze Age, known for its palaces, frescoes, and contributions to Mediterranean culture.

Cycladic

The prehistoric art of the Aegean Islands around Delos, excluding Crete.