Table 71 Shows the Quantities of Labor and Capital Required to to Produce

question 111

Multiple Choice

Table 7.1 shows the quantities of labor and capital required to produce various levels of output.
Table 7-1 $$\begin{array} { | c | c | c | } \hline \begin{array} { c } \text { Amount of } \\\text { Capital }\end{array} & \begin{array} { c } \text { Amount of } \\\text { Labor }\end{array} & \text { Total Product } \\\hline 5 & 1 & 10 \\\hline 5 & 2 & 24 \\\hline 5 & 3 & 42 \\\hline 5 & 4 & 56 \\\hline 5 & 5 & 66 \\\hline 5 & 6 & 74 \\\hline 5 & 7 & 80 \\\hline\end{array}$$
-Refer to Table 7-1.What is the average product of labor when four units of labor are used?

• A)10
• B)14
• C)42
• D)33

Understand the concept of environmental economics and its approach to managing pollution and external costs.

Understand the fundamental principles of tort liability.

Grasp the concept and application of duty of care in negligence.

Recognize the variabilities and limitations of parental and professional responsibility for torts.

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Definitions:

Like Charges

Charges that are the same (either both positive or both negative) and repel each other according to Coulomb's law.

Opposite Charges

Charges that have different electrical signs, one positive and one negative, which attract each other.

Valence Shell

The outermost shell of an atom that contains the electrons most involved in chemical reactions.

Atom

The smallest unit of a chemical element, consisting of a nucleus of protons and neutrons, surrounded by electrons.