The table below shows the various units of output that can be produced with different combinations of capital and labor. Which of the following statements is correct according to the information above?
1 Unit of Capital 2 Units of Capital 3 Units of Capital
1 Unit of Labor 100 140 160
2 Units of Labor 140 200 240
3 Units of Labor 160 240 300
A) In the long run, there are constant returns to scale.
B) In the long run, there are increasing returns to scale.
C) In the short run, the marginal product of capital is consistent.
D) In the short run, the marginal product of labor is consistent.
E) In the short run,
