Use the information provided in Table 7.1 below to answer the questions that follow.
Table 7.1
Inputs Required to Produce a Product Using Alternative Technologies $$\begin{array} { c c c }
\text { Technology } & \text { Units of Capital } & \text { Number of Employees } \
\hline \text { A } & 4 & 18 \
\text { B } & 6 & 12 \
\text { C } & 8 & 8 \
\text { D } & 12 & 6
\end{array}$$
-Refer to Table 7.1 above. Which technology is the most labor intensive?
A) A
B) B
C) C
D) D

Question

Use the information provided in Table 7.1 below to answer the questions that follow.
Table 7.1
Inputs Required to Produce a Product Using Alternative Technologies $$\begin{array} { c c c } 
\text { Technology } & \text { Units of Capital } & \text { Number of Employees } \
\hline \text { A } & 4 & 18 \
\text { B } & 6 & 12 \
\text { C } & 8 & 8 \
\text { D } & 12 & 6
\end{array}$$
-Refer to Table 7.1 above. Which technology is the most labor intensive?
A) A
B) B
C) C
D) D

Quizplus · Accepted Answer

Technology A requires the highest amount of labor input for a given output. However, it also has the lowest capital input. Therefore, the choice of technology should depend on the availability of capital and labor in the market. If labor is abundant and cheap, technology A may be the best choice. If capital is abundant and cheap, technology D may be the best choice. If both labor and capital are scarce, technology C may be the best choice.

Use the Information Provided in Table 7 -Refer to Table 7