Question

1 6 1 2 2 142 201 250 296 338 3 190 256 308 354 398 100 153 196 231 262 Labor(L) 4 235 300 359 406 450 Capital(K) 5 270 342 4

Molly runs a coffee shop in Lansing. The table represents the production function for the coffee shop. The number in cells represent the cups of coffee that can be made with various combinations of labor and capital.

Suppose Molly is using 2 units of capital and 2 units of labor. The marginal product of capital for K=3 is

a) 48

b) 49

c) 52

d)55

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