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01:51:08
Item 3
The production function for good X in the table below exhibits increasing marginal returns to capital over what output range?
Production Function for Good X
L* Labor
K Capital
Q Output
MPK=(ΔQ/ΔK) Marginal Product of Capital
APK=(Q/K) Average Product of Capital
9
0
--
10
57
5.7
5.70
20
324
26.7
16.20
30
657
33.3
B
40
1,072
41.5
26.80
50
1,524
45.2
30.48
60
1,976
32.93
70
2,391
34.16
80
2,724
34.05
90
2,991
A
33.23
100
3,048
110
3,016
-3.2
27.42
120
2,945
-7.1
24.54
Multiple Choice
a) between 2,391 and 3,048
b)between 0 and 1,524
c)between 0 and 2,991
d)between 3,016 and 2,945
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