Asked by Willow Stevens on Jun 12, 2024

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Refer to Table 7.1. Which technology is the most capital intensive?

A) A
B) B
C) C
D) D

Market Price

The going rate at which a commodity or service is offered for buying or selling in a trading environment.

Technologies of Production

The methods and processes used to produce goods and services, incorporating both the tools and techniques involved.

Prices of Inputs

This term describes the cost of resources used in the production of goods and services, such as raw materials, labor, and machinery.

  • Analyze production technologies using inputs of capital and labor.
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SD
Shwetanjli DahiyaJun 15, 2024
Final Answer :
D
Explanation :
Technology D requires the highest units of capital (12 units) compared to the other technologies, making it the most capital intensive.