-Refer to the Above Table

question 60

Multiple Choice

-Refer to the above table. What is AVC at an output of 2 units?

• A) $7
• B) $16
• C) $45
• D) $61

---

Definitions:

Malthusian Dilemma

The scenario suggested by Thomas Malthus where population growth outpaces agricultural production, leading to famine, disease, and other crises.

Starvation

A severe lack of food and nourishment, leading to extreme hunger and malnutrition.

Marginal Product

The additional output generated by adding one more unit of a specific input, holding other inputs constant.

Labor

The human effort, physical or mental, used in the production of goods and services.