Refer to the Information Provided in Table 8 -Refer to Table 8

question 267

Multiple Choice

Refer to the information provided in Table 8.1 below to answer the question(s) that follow.
Table 8.1 $$\begin{array} { l c c c } \text { Produce } & \begin{array} { c } \text { Using } \\\text { Techniques }\end{array} & \begin{array} { c } \text { Units of Variable } \\\text { K }\end{array} & \begin{array} { c } \text { Inputs } \\\text { L }\end{array} \\\hline \text { 1 unit of output } & & & \\& \text { A } & 8 & 8 \\& \text { B } & 4 & 12 \\\text { 2 units of output } & & & \\& \text { A } & 14 & 12 \\& \text { B } & 8 & 20 \\3 \text { units of output } & & & \\& \text { A } & 16 & 12 \\& \text { B } & 12 & 22 \\\hline\end{array}$$
-Refer to Table 8.1. Assume that the relevant time period is the short run. Assuming the price of labor (L) is $5 per unit and the price of capital (K) is $10 per unit, the average variable cost of producing two units of output is

• A) $20.
• B) $40.
• C) $90.
• D) $100.

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Definitions:

Dedication

A high level of commitment or loyalty to a task, project, or cause.

Job Demands-Resources Model

A theoretical framework explaining the dynamics of workplace stress, focusing on the balance between job demands that deplete employee resources and resources that mitigate stress.

Job Demands

Describes the physical, psychological, social, or organizational aspects of a job that require sustained effort and are therefore associated with certain physiological and psychological costs.

Job Resources

Elements within the work environment that help employees to perform their duties effectively, such as support from colleagues, access to information, and autonomy.