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

question 22

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 labor is fixed at three units,how much does the second unit of capital add to total output?

• A)100
• B)150
• C)210
• D)360
• E)none of the above

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Definitions:

Exchange Rate

The price of one country's currency expressed in another country's currency.

Interest Rates

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.

Foreign Bond

A bond issued in a domestic market by a foreign entity, in the domestic market's currency.