Refer to Scenario 7

question 186

Multiple Choice

Refer to Scenario 7.8 below to answer the question(s) that follow.
SCENARIO 7.8: A swimming pool cleaning company has the following production possibilities. With one, two, three, and four workers, the company can clean 5, 12, 17, and 20 pools per day, respectively.
-Refer to Scenario 7.8. The average product of labor with four workers is

• A) 3.
• B) 3.3.
• C) 5.
• D) 13.5.

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Definitions:

Attachment

The legal process of seizing property of a defendant in a lawsuit by a creditor prior to obtaining a judgment to secure the fulfillment of a judgment.

Bona Fide Purchaser

A person who buys property in good faith, without notice of any prior claims or disputes over the property, and is therefore protected under law.

Attachment

A legal procedure by which a court of law, at the request of a creditor, designates specific property owned by the debtor to be transferred to the creditor or sold for the benefit of the creditor.

Financing Statement

A document filed to give public notice of a secured party's interest in the debtor's personal property.