Labor required Capital required (person-hours) 200 Method (machine-hours) Т-1 100 Т-2 150 150 Т-3 150 130 Т-4 100 200 The table below shows four alternative techniques for assembling a car. The cost of labor is $20 per hour, and the cost of capital is $10 per hour. Which of the four techniques for assembling a car is economically efficient? O T-1 O T-2 O T-3 O T-4

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Chapter1: Making Economics Decisions
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explains it correctly and the not use excel 

Labor required
(person-hours)
200
Capital required
(machine-hours)
Method
Т-1
100
T-2
150
150
Т-3
150
130
Т-4
100
200
The table below shows four alternative techniques for assembling a car. The cost of labor is $20 per hour, and the cost of capital is $10 per hour. Which of the four techniques for
assembling a car is economically efficient?
O T-1
O T-2
O T-3
О Т4
Transcribed Image Text:Labor required (person-hours) 200 Capital required (machine-hours) Method Т-1 100 T-2 150 150 Т-3 150 130 Т-4 100 200 The table below shows four alternative techniques for assembling a car. The cost of labor is $20 per hour, and the cost of capital is $10 per hour. Which of the four techniques for assembling a car is economically efficient? O T-1 O T-2 O T-3 О Т4
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