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

question 232

Multiple Choice

Use the information provided in Table 7.4 below to answer the question(s) that follow.
Table 7.4
Inputs Required to Produce a Product Using Alternative Technologies
$$\begin{array} { c c c } \hline \text { Technology } & \text { Units d Capital } & \begin{array} { l } \text { Number of } \\\text { Employees }\end{array} \\\hline \text { A } & 8 & 36 \\\hline \text { B } & 12 & 24 \\\hline \text { C } & 16 & 16 \\\hline \text { D } & 24 & 12 \\\hline\end{array}$$
-Refer to Table 7.4. If the hourly price of capital is $20 and the hourly wage rate is $14, which production technology should be selected?

• A) A
• B) B
• C) C
• D) D

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