Table 301 Assume That the Product Price Is $4 Per Unit and |

question 102

Multiple Choice

Table 30.1 $$\begin{array} { | c | r | c | c | c | } \hline \begin{array} { c } \text { Number of } \\\text { workers (per } \\\text { hour) }\end{array} & \begin{array} { c } \text { Total output } \\\text { (per hour) }\end{array} & \begin{array} { c } \text { Marginal } \\\text { physical } \\\text { product } \\\text { (output per } \\\text { worker) }\end{array} & \begin{array} { c } \text { Total revenue } \\\text { (dollars per } \\\text { hour) }\end{array} & \begin{array} { c } \text { Marginal revenue } \\\text { product (dollars } \\\text { per hour worker) }\end{array} \\\hline 1 & 4 & \ldots & & \ldots \\\hline 2 & 19 & & \\\hline 3 & 15 & & \\\hline 4 & 19 & & \\\hline 5 & 22 & & \\\hline\end{array}$$ Assume that the product price is $4 per unit and that the hourly wage for workers is $12.Neither price nor wage changes with output.In Table 30.1,the marginal revenue product of the second worker hired is

• A)$4 per hour.
• B)$6 per hour.
• C)$24 per hour.
• D)$40 per hour.

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Definitions:

Balance Carried

The amount of money or value transferred from the end of one financial statement or period to the beginning of another.

Adjusted Cash Balance

The cash balance resulting after certain adjustments are made, such as for outstanding checks or deposits in transit.

Check Register

A record book or ledger that tracks all checks written, deposits made, and current balance of a checking account, aiding in personal financial management.

Bank Statement

A document provided by a bank that summarizes an account's transactions and balances over a specified period.