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

question 87

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 Table 8-2.If capital costs $6 per unit and labour costs $4 per unit,which production method minimizes the cost of producing 1000 toys per day?

• A)method B
• B)method C
• C)method D
• D)method E
• E)method F

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Definitions:

Erythrocytes

Red blood cells responsible for carrying oxygen from the lungs to the body tissues and carbon dioxide as a waste product away from the tissues back to the lungs.

Biconcave Disc

Describes the shape of red blood cells, which are concave on both sides, allowing for flexibility and increased surface area for gas exchange.

Formed Elements

The cellular components of blood, including red blood cells, white blood cells, and platelets, which differ from the liquid component, plasma.

Red Bone Marrow

A type of bone marrow that produces red blood cells, white blood cells, and platelets, found in the cavities of many bones.