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-Refer to the Table Above Where K = Capital Hours

Question 27

Multiple Choice

KL8.407.817.226.656.045.454.864.273.683.092.4101.8111.2120.613014\begin{array} { | c c | } \hline K & L \\\hline 8.4 & 0 \\7.8 & 1 \\7.2 & 2 \\6.6 & 5 \\6.0 & 4 \\5.4 & 5 \\4.8 & 6 \\4.2 & 7 \\3.6 & 8 \\3.0 & 9 \\2.4 & 10 \\1.8 & 11 \\1.2 & 12 \\0.6 & 13 \\0 & 14 \\\hline\end{array}
-Refer to the table above where K = capital hours and L = labour hours.


A) The data can be used to plot the isoquant line.
B) The data is based on the best combination of factors for a given output.
C) Shows the factor inputs that can be purchased with a given budget.
D) None of the above.

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