Exhibit 21-14 ![Exhibit 21-14 Assume that labor is the only variable input and that each additional laborer is paid $600. Refer to Exhibit 21-14. What is the level of output with 2 and 3 laborers working [blanks (A) and (B) ], respectively? A) 175 units; 225 units B) 100 units; 175 units C) 100 units; 225 units D) 50 units; 175 units](https://d2lvgg3v3hfg70.cloudfront.net/TBX9059/11ebf02d_dcac_35bb_b31f_addcbf91b07b_TBX9059_00.jpg)
Assume that labor is the only variable input and that each additional laborer is paid $600.
Refer to Exhibit 21-14. What is the level of output with 2 and 3 laborers working [blanks (A) and (B) ], respectively?
A) 175 units; 225 units
B) 100 units; 175 units
C) 100 units; 225 units
D) 50 units; 175 units
Correct Answer:
Verified
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