Refer to the Information Provided in Table 19 -Refer to Table 19

question 130

Multiple Choice

Refer to the information provided in Table 19.5 below to answer the questions that follow.
Capital and labor each cost $1 per unit. The firm produces 1,000 units of output.
Table 19.5
$$\begin{array} { | c | c c | } & \begin{array} { c } \text { Input } \\\text { Requirements } \\\text { per unit of } \\\text { Output }\end{array} \\\text { Technology } & K& L \\\hline \text { A } & 5 & 2 \\\hline \text { B } & 3 & 5 \\\hline\end{array}$$
-Refer to Table 19.5. Given the input prices, which technology will the firm use?

• A) Technology A
• B) Technology B
• C) Either technology A or B-the firm is indifferent between the two.
• D) The answer is impossible to determine with the given information.

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Definitions:

Control Affects

Involves the impacts that control mechanisms have on the behavior and performance of organizations or systems.

Inputs

resources used in the process of creating goods or services, including time, labor, capital, and materials.

Information And Communication Outputs

the results or products of information and communication processes, including data reports, multimedia presentations, and other forms of disseminated knowledge.

Day-to-day Operation

The regular, routine activities carried out by a business to ensure its smooth functioning and success.