Solved

Table 7-2 Shows the Combinations of Labor and Capital That

Question 2

Multiple Choice

Table 7-2 shows the combinations of labor and capital that are used to produce various levels of output.
Table 7-2  Units of capital  Units of labor  Total Product  Marginal product of labor 200212020224424236824249022257812\begin{array} { | c | c | c | c | } \hline \text { Units of capital } & \text { Units of labor } & \text { Total Product } & \text { Marginal product of labor } \\\hline 2 & 0 & 0 & - \\\hline 2 & 1 & 20 & 20 \\\hline 2 & 2 & 44 & 24 \\\hline 2 & 3 & 68 & 24 \\\hline 2 & 4 & 90 & 22 \\\hline 2 & 5 & 78 & - 12 \\\hline\end{array}
-Refer to Table 7-2.A rational producer would never operate with _____ units of labor and 2 units of capital.


A) 2
B) 1
C) 5
D) 4

Correct Answer:

verifed

Verified

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents