-Refer to the Table Above Where K = Capital Hours

question 41

Multiple Choice

$\begin{array} { | c c | } \hline K & L \\\hline 8.4 & 0 \\7.8 & 1 \\7.2 & 2 \\6.6 & 5 \\6.0 & 4 \\5.4 & 5 \\4.8 & 6 \\4.2 & 7 \\3.6 & 8 \\3.0 & 9 \\2.4 & 10 \\1.8 & 11 \\1.2 & 12 \\0.6 & 13 \\0 & 14 \\\hline\end{array}$
-Refer to the table above where K = capital hours and L = labour hours.

• A) The data can be used to plot the isoquant line.
• B) The data is based on the best combination of factors for a given output.
• C) Shows the factor inputs that can be purchased with a given budget.
• D) None of the above.

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