Use the Information Provided in Table 7 -Refer to Table 7

question 69

Multiple Choice

Use the information provided in Table 7.2 below to answer the question(s) that follow.
Inputs Required to Produce a Product Using Alternative Technologies
$\begin{array} { c c c } \hline \text { Technology } & \text { Units of Capital } & \text { Number of Employees } \\\hline \text { A } & 16 & 8 \\\text { B } & 12 & 12 \\\text { C } & 8 & 20 \\\text { D } & 6 & 24 \\\hline\end{array}$

-Refer to Table 7.2. If the hourly price of capital is $10 and the hourly price of labor is $20, which production technology should be selected?

• A) A
• B) B
• C) C
• D) D

---

Definitions:

Wicked Problem

A complex, difficult to define issue without a clear solution and with interconnected elements.

Fully Solved

A situation or problem that has been resolved or addressed completely, leaving no outstanding issues.

Social Problems

Refers to societal issues that negatively impact individuals or groups within a community, requiring collective solutions.

Opportunity Spaces

Areas or niches within markets or industries where unmet needs present potential for new business or product development.