Use the Information Provided in Table 7 Table 71

-Refer to Table 7

question 4

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. Which technology is the most labor intensive?

• A) A
• B) B
• C) C
• D) D

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Definitions:

FOB Shipping Point

A shipping term indicating that the buyer assumes responsibility for the goods and the shipping costs from the point of departure.

Freight Costs

Expenses incurred by a company for transporting goods from one place to another.

FOB Destination

A shipping term indicating that the seller pays for transportation of the goods to the buyer's location and owns the goods in transit.

Freight Costs

Charges incurred for transporting goods between places, typically included as part of the cost of goods sold or inventory.