Refer to the Following:
the Amount of Total Output Produced

question 98

Multiple Choice

Refer to the following:
The amount of total output produced from various combinations of labor and capital.

$$\begin{array}{l}     \text { Units of Capital }\\\begin{array} { c c c c c c } & & 1 & 2 & 3 & 4 \\\hline \text { Units } & 1 & 20 & 36 & 48 & 53 \\\text { of } & 2 & 38 & 68 & 88 & 94 \\\text { Iabor } & 3 & 53 & 94 & 122 & 133 \\& 4& 63 & 112 & 148 & 164 \\& 5 & 68 & 120 & 164 & 184\end{array}\end{array}$$
-If capital is fixed at three units, how much does the fourth unit of labor add to total output?

• A) 16
• B) 28
• C) 34
• D) 36
• E) none of the above

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Definitions:

Executives

High-level managers in organizations, responsible for making strategic decisions and ensuring operational effectiveness.

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The ability to analyze the present situation of an organization, envision potential futures, and plan actions to achieve desired outcomes.

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Referring to all hierarchical layers within an organization, from entry-level positions to top management.

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