Question
The following table indicates the amount of construction activity, measured in feet of a small building erected per week, that results from using different numbers
The following table indicates the amount of construction activity, measured in feet of a small building erected per week, that results from using different numbers of workers, and different numbers of boxes of construction tools.
You'll use this table to answer Questions 16-20 below. Tool Boxes
Workers | 0 | 1 | 2 |
0 | 0 | 0 | 0 |
1 | 12 | 24 | 36 |
2 | 20 | 34 | 48 |
3 | 24 | 40 | 56 |
1.For this production process, __________ is indispensable.
Group of answer choices
labor
capital
Both a and b.
Neither a nor b.
2.For this production process, as long as the initial quantity of output is positive (and even, sometimes, when it is not) themarginal productof either input always is
Group of answer choices
increasing
decreasing
positive
None of the above.
3.If we call this tabular production functionF(K,L), we can say thatF(2,1)=
Group of answer choices
32.
34.
36.
60.
4.This production function satisfies theLaw of Decreasing Marginal Productsfor
Group of answer choices
labor.
capital.
Both a and b.
Neither a nor b.
5.This production function satisfies theLaw of Cooperating Factorsfor
Group of answer choices
labor cooperating with capital.
capital cooperating with labor.
Both a and b.
Neither a nor b.
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