Question: Refer to Table 8.3 and explain precisely why using 10 units of labor and 2 units of capital is not economically efficient. (1) (2) Total

Refer to Table 8.3 and explain precisely why using 10 units of labor and 2 units of capital is not economically efficient. (1) (2) Total product (Q) (3) Average product (AP= Q/L) (4) Marginal

(1) (2) Total product (Q) (3) Average product (AP= Q/L) (4) Marginal product (MP-L) Number of workers (L) 1 52 52 52 112 56 60 3 170 56.7 58 4 220 55 50 258 51.6 38 6 286 47.7 28 7 304 43.4 18 314 39.3 10 9 318 35.3 4 10 314 31.4 -4 LO

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