Table 7-4 Table 7-4 Shows a Production Relationship

question 129

Multiple Choice

Table 7-4 Table 7-4 shows a production relationship. The cost of one day of labor is $65 and the product price is $1 per unit. How much will the labor input increase if the capital stock were increased from 3 to 4?

• A)From 3 to 4
• B)From 4 to 5
• C)From 4 to 6
• D)Stays the same

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