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

question 191

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. Assuming the price of capital (K) is $10 per unit and the price of labor (L) is $5 per unit, the firm will use production technique ________ to produce ________ of output.

• A) A; all three units
• B) B; all three units
• C) B; the first two units of output and production technique A to produce the third unit
• D) A; the first unit and production technique B to produce the second and third units

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Definitions:

Motivations

The reasons or forces that drive an individual to engage in particular behaviors or actions.

Autonomy

The right or condition of self-governance, or the ability of an individual to make their own choices and decisions.

Capacity

The maximum amount that something can contain or produce.

Self-awareness

The awareness of an individual's own personality, emotions, intentions, and wishes.