Assume the Total Product of Three Workers Is 120 and the Total

question 128

Multiple Choice

Assume the total product of three workers is 120 and the total product of four workers is 160. The average product of four workers is ________, and the marginal product of the fourth worker is ________.

• A) 10; 40
• B) 30; 10
• C) 40; 40
• D) 160; 40

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Definitions:

Growth Rate

The rate at which a company's earnings or revenues increase in a given time period, reflecting its ability to expand its business.

Annual Dividend

The total dividend that a company pays to its shareholders in a single fiscal year.

Zero Growth Stock

Zero growth stock is a type of stock for which the dividends are expected to remain the same, with no expected growth in payouts over time.

Required Rate

The minimum annual percentage return that an investor expects or requires from an investment, considering the risk involved.