Refer to the Data Provided in Table 10 -Refer to Table 10

question 136

Multiple Choice

Refer to the data provided in Table 10.2 below to answer the following question(s) .
Table 10.2 $$\begin{array} { c c c } \begin{array} { c } \text { Total Labor Units } \\\text { (employees) }\end{array} & \begin{array} { c } \text { Total Product } \\\text { (frames per day) }\end{array} & \begin{array} { c } \text { Price per } \\\text { Frame }\end{array} \\\hline 0 & 0 & \$ 10 \\1 & 10 & \$ 10 \\2 & 30 & \$ 10 \\3 & 55 & \$ 10 \\4 & 70 & \$ 10 \\5 & 82 & \$ 10\end{array}$$
-Refer to Table 10.2. Marginal revenue product of the ________ worker is $120.

• A) second
• B) third
• C) fourth
• D) fifth

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Definitions:

Debit

A debit is an accounting entry that increases an asset or expense account or decreases a liability or equity account.

Total Retirement

The total amount of savings, investments, and other financial resources a person has accumulated for retirement.

FICA-OASDI

Federal Insurance Contributions Act - Old Age, Survivors, and Disability Insurance, a payroll tax that funds the Social Security and Medicare programs in the United States.

FICA-Medicare

The part of the Federal Insurance Contributions Act tax that is specifically allocated to fund Medicare, the United States’ federal health insurance program for individuals who are 65 years of age and older, certain younger people with disabilities, and people with End-Stage Renal Disease.