Use the Following Table to Answer the Question Below: the Amount

question 27

Multiple Choice

Use the following table to answer the question below: The amount of total output produced from various combinations of labor and capital.
If the capital stock is fixed at four units and there are three units of labor,what is the average product of labor?

• A)50
• B)140
• C)157.5
• D)170
• E)none of the above

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Definitions:

Coupon

The interest payment made to bondholders, typically expressed as an annual percentage of the bond's face value.

Coupon Bond

A type of bond that offers periodic interest payments to the holder through fixed "coupons" and the return of the principal at maturity.

Yield To Maturity

The total return expected on a bond if held until its maturity date, including both interest payments and capital gains.

Interest Annually

The amount of interest earned or paid over a one-year period.