Use the Following Table to Answer the Questions : Table

question 14

Multiple Choice

Use the following table to answer the questions : Table 7-3: shows the combinations of labor and capital required to produce various level of output.

-Refer to Table 7-3.Assume that labor remains fixed while capital is the only variable input used in production.If the firm is currently producing 26 units of output using three units of labor,what is the marginal product of capital at this point?

• A)2
• B)4
• C)6

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Definitions:

Reproductive Potential

The inherent capacity of an organism to produce offspring, determined by factors such as age, health, and environmental conditions.

Core-Fringe-Legume Pattern

An agricultural technique that arranges crops in concentric zones, with a nitrogen-fixing legume at the center, surrounded by tiers of other crops, to enhance soil fertility and productivity.

Anthropologist

A scientist who studies human societies, cultures, and their development.

Ideal Type

A conceptual model or typology used in the social sciences to describe a particular set of characteristics that could be observed in various instances, though not necessarily attainable in reality.