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Inputs Required to Produce a Product Using Alternative TechnologiesTechnologyUnits of CapitalNumber of EmployeesA 8 3 6 B 1 2 2 4 C 1 6 1

Inputs Required to Produce a Product Using Alternative TechnologiesTechnologyUnits of CapitalNumber of EmployeesA 836B 1224C 1616D 24121) Refer to Table Which technology is the most labor intensive? 2) Refer to Table Which technology is the most capital intensive? 3) Refer to Table If the hourly price of capital is $20 and the hourly wage rate is $14, which production technology should be selected? 4) Refer to Table If the hourly price of capital is $40 and the hourly wage rate is $10, which production technology should be selected?

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