A Farm Can Produce 1,000 Bushels of Wheat Per Year

question 174

Multiple Choice

A farm can produce 1,000 bushels of wheat per year with 2 workers and 1,300 bushels of wheat per year with 3 workers.The marginal product of the third worker is:

• A) 100 bushels.
• B) 300 bushels.
• C) 1,300 bushels.
• D) 2,300 bushels.

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Definitions:

Debris

Scattered pieces of waste or remains left over after the destruction of something, often considered in contexts of natural disasters, demolition, or accidents.

Lawsuit

A legal action brought by one party against another in a court of law.

Notice

A formal announcement or warning given to someone regarding a particular matter.

Promisor's Death

A situation where the individual who made a promise in a contract passes away, possibly affecting the enforceability of the contract.