Use the following table and the information to answer the questions below.
In the following transportation matrix, all cells except 2C have been evaluated and show no improvement. Evaluate that cell.
-How many units would be allocated to cell 2C?
Definitions:
Marginal Productivity
The additional output resulting from a one-unit increase in the input of a particular factor of production, while holding other inputs constant.
Labor Demand Curve
A curve representing the quantity of labor that employers wish to hire at different wage rates.
Technological Advances
Innovations and improvements in technology that enhance efficiency, productivity, or quality in goods and services.
World Price
The price of a good that prevails in the world market for that good.
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