Use the Information Provided in Table 7 Table 71

-Refer to Table 7

question 121

Multiple Choice

Use the information provided in Table 7.1 below to answer the question(s) that follow.
Inputs Required to Produce a Product Using Alternative Technologies
$\begin{array} { c c c } \hline \text { Technology } & \text { Units of Capital } & \text { Number of Employees } \\\hline \text { A } & 4 & 18 \\\text { B } & 6 & 12 \\\text { C } & 8 & 8 \\\text { D } & 12 & 6 \\\hline\end{array}$
Table 7.1

-Refer to Table 7.1. If the hourly wage rate is $7 and the hourly price of capital is $10, which production technology should be selected?

• A) A
• B) B
• C) C
• D) D

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Definitions:

Investor

An individual or organization that allocates capital to investments with the expectation of achieving a financial return.

Entrepreneur

An individual who initiates, organizes, and runs a business or businesses, taking on greater than normal financial risks in order to do so.

VC Firm

A venture capital firm is a group of investors that provides funding to startups and small companies with strong growth potential in exchange for equity.

Deals

Agreements or transactions, often in a business context, where goods, services, or terms are exchanged.