If the Units of a Variable Input in a Production

question 34

Multiple Choice

If the units of a variable input in a production process are 1, 2, 3, 4 and 5, and the corresponding total outputs are: 30, 43, 58, 66 and 72. The arc marginal product of the fourth unit of input is:

• A) 4
• B) 6
• C) 8
• D) 10
• E) 12

Relate climatic and geographical factors to the global distribution of biomes.

Understand the biological and environmental factors influencing the timing of puberty.

Recognize the structure and function of the myelin sheath in the nervous system.

Identify the hormonal control centers within the human body.

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Definitions:

Net Realizable Value

The amount (Accounts Receivable – Allowance for Doubtful Accounts) that is expected to be collected.

Gross Accounts Receivable

The total amount owed to a company by its customers for goods or services delivered on credit before any deductions for returns or bad debts.

Bad Debts Expense

The cost associated with accounts receivable that are not expected to be collected.

Contra Asset

An asset account where its balance is opposite of the normal balance, used to offset the balance of a related account, such as allowance for doubtful accounts offsetting accounts receivable.