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Q. Assume you are looking at data for an economy that uses only two inputs, physical capital and labour. Table shows output for different combinations of labour (which changes as you move across columns) and capital (which changes as you move down rows).

Output at Different Levels of Capital and Labour
Labour
100 200 300 400

Capital 100 200 320 420 500
200 250 400 530 640
300 290 460 600 730
400 320 500 660 800

According to numbers in table, which of following statements is correct?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9292984

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