The Following Table Shows the Marginal Products of Capital (K)

question 76

Multiple Choice

The following table shows the marginal products of capital (K) and labour (L) for various methods for Firm ABC to produce 1000 toys per day. $$\begin{array}{l}\begin{array} { | l | l | l | } \hline \begin{array} { l } \text { Production } \\\text { Method }\end{array} & \text { MPK } & \text { MPL } \\\hline \text { A } & 50 & 4 \\\hline \text { B } & 45 & 8 \\\hline \text { C } & 40 & 12 \\\hline \text { D } & 35 & 16 \\\hline \text { E } & 30 & 20 \\\hline \text { F } & 25 & 24 \\\hline \text { G } & 20 & 28 \\\hline\end{array}\\\text { TABLE 8- } 2\end{array}$$
-Refer to Table 8- 2. Suppose capital costs $6 per unit and labour costs $4 per unit and the firm is employing production method A. How should this firm adjust its use of capital and labour to minimize costs?

• A) employ less capital and less labour
• B) employ less capital and more labour
• C) employ more capital and more labour
• D) employ more capital and less labour
• E) there is insufficient information to know

Explore strategies for understanding and influencing organizational culture through internal and external analyses.

Understand the concept of organizational culture.

Identify factors that can weaken an organization's dominant culture.

Evaluate the impact of weakened organizational culture on business operations.

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Definitions:

Gay Communities

A term used to describe the collective social networks, spaces, and groups predominantly comprising individuals who identify as lesbian, gay, bisexual, transgender, and queer (LGBTQ).

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Scholars who believe that identities have a fundamental, intrinsic nature which dictates their characteristics, behaviors, and roles in society.

Procreation

The biological process by which offspring are produced by their parents.

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The legally or socially recognized unions between two individuals of the same sex, acknowledging their relationship in a marital capacity.