The Following Table Shows the Marginal Products of Capital (K)

question 92

Multiple Choice

The following table shows the marginal products of capital (K) and labour (L) for various methods for Firm ABC to produce 1000 toys per day. TABLE 8-2
-Refer to Figure 8-2. Increasing returns to scale occur over the output range

• A) Q₂ to Q₃ only.
• B) beyond Q₃ only.
• C) 0 to Q₁ only.
• D) Q₁ to Q₂ only.
• E) 0 to Q₃ only.

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Definitions:

Loan Balance

The remaining amount owed on a loan, not including future interest, at any given time.

Minimum Cash Balance

The lowest amount of cash that a company or individual aims to hold in order to meet short-term obligations.

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period, helping organizations manage their liquidity and cash reserves.

Management Use

Management use typically refers to information or resources utilized by the management team for decision-making and strategic planning purposes.