Table: Capital and Labor XIV) Consider the production function that this table shows. |Units Of K| |Units
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Question:
Table: Capital and Labor XIV) Consider the production function that this table shows.
|Units Of K| |Units Of L|
|1| |2| |3| |4|
|1| 100 131.95 155.18 174.11
|2| 141.42 186.61 186.61 246.23
|3| 173.21 228.55 228.55 301.57
|4| 200 263.90 263.90 348.22
Suppose the firm is using 2 units of capital and 1 unit of labor. The marginal product of capital forK= 3 is ____.
40.24
31.78
26.79
41.42
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