$\text { Table 29.1a }$
$\begin{array}{|l|l|l|}
\hline \text { Capital } & \text { Labor } & \text { Output } \
\hline 10 & 1 & 40 \
\hline 10 & 2 & 90 \
\hline 10 & 3 & 150 \
\hline 10 & 4 & 200 \
\hline 10 & 5 & 240 \
\hline 10 & 6 & 270 \
\hline 10 & 7 & 290 \
\hline 10 & 8 & 300 \
\hline 10 & 9 & 300 \
\hline
\end{array}$

-The data in Table 29.1a describes

Question

$\text { Table 29.1a }$
$\begin{array}{|l|l|l|}
\hline \text { Capital } & \text { Labor } & \text { Output } \
\hline 10 & 1 & 40 \
\hline 10 & 2 & 90 \
\hline 10 & 3 & 150 \
\hline 10 & 4 & 200 \
\hline 10 & 5 & 240 \
\hline 10 & 6 & 270 \
\hline 10 & 7 & 290 \
\hline 10 & 8 & 300 \
\hline 10 & 9 & 300 \
\hline
\end{array}$

-The data in Table 29.1a describes

Quizplus · Accepted Answer

The table shows different levels of output for a fixed amount of capital (10 units) while increasing the amount of labor. In the short run, at least one factor of production (capital) is fixed and cannot be changed, while the other factor (labor) can be changed. The increasing output with increasing labor suggests that there are still positive marginal returns to labor, which indicates that the firm is not yet experiencing diminishing marginal returns. Therefore, we can conclude that the data in Table 29.1a describes production in the short run.

Table 29.1a \text { Table 29.1a } Table 29.1a -The Data in Table 29

$\text { Table 29.1a }$ -The Data in Table 29