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

question 16

Multiple Choice

Refer to the information provided in Table 8.4 below to answer the question(s) that follow.
Table 8.4
$$\begin{array} { c c c c } \hline \text { Produce } & \text { Using Techniques } & \text { Units of Variable K } & \text { Inputs L } \\\hline 1 \text { unit of output } & \text { A } & 4 & 4 \\\hline & \text { B } & 2 & 6 \\\hline 2 \text { units of output } & & & \\\hline & \text { A } & 7 & 6 \\\hline& \text { B } & 4 & 10 \\\hline 3 \text { units of output } &\text { A } &8 & 6 \\\hline &\text { B } & 6& 11 \\\hline\end{array}$$
-Refer to Table 8.4. 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 total cost of producing two units of output is

• A) $10.
• B) $20.
• C) $45.
• D) $50.

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Definitions:

Cranial Nerve

One of the twelve nerves that originate in the brain and control functions such as vision, hearing, and taste.

Nursing Plan of Care

A detailed plan developed by nurses that outlines the goals, strategies, and interventions for patient care.

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Individualized

Tailored or customized to suit the unique preferences, needs, or circumstances of an individual.