Exhibit 11-8 Exhibit 11-8 Shows Data on the Production

question 202

Multiple Choice

Exhibit 11-8 Exhibit 11-8 shows data on the production of chocolate candy.If the firm sells chocolate for $3 a pound regardless of the quantity sold, the marginal revenue product of the third worker is

• A)$0.60
• B)$6
• C)$0.30
• D)$3
• E)$90

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Definitions:

Compensation

Payment or benefits provided to employees in exchange for their services or to make amends for loss or injury.

Sales Commissions

Payments made to sales personnel, often calculated as a percentage of the sales they generate.

Unethical Sales Practices

Business methods that are deceptive, manipulative, or otherwise morally dubious, aimed at persuading customers to make purchases.

CEO's Salaries

The compensation awarded to chief executive officers of corporations, often comprising a mix of salary, bonuses, shares, and other benefits.