Table 30.5Output (units)Labor (units)Output (units)Capital (units)101201262562383863Assume that in Table 30.5 the cost of labor is $4 per unit and the cost of capital is $6 per unit. In Table 30.5, what is the cost efficiency of the second unit of labor?
A. 64 units per $1 of cost.
B. 26 units per $1 of cost.
C. 4 units per $1 of cost.
D. 16 units per $1 of cost.
Answer: C
Economics
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