Question: Refer to the Table 8.3 and explained precisely why using 10 units of labor and 2 units of capital is not economically efficient?. I am

Refer to the Table 8.3 and explained precisely why using 10 units of labor and 2 units of capital is not economically efficient?. I am finding it difficult in answering this question. Thanks

Refer to the Table 8.3 and explained precisely why using 10 units

TABLE 8.3 Total, Average, and Marginal Products of Labor (with capital fixed at 2 units) (1) Number of (2) Total workers (L) (3) Average product (AP (4) Marginal product (MP = product (Q) = Q/L) AQIAL) 0 1 52 52 52 6 00 V O UT A W N 112 56 60 170 56.7 58 220 55 50 258 51.6 38 286 47.7 28 304 43.4 18 314 39.3 10 318 35.3 4 10 314 31.4 -4

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