When Burger Barn Hires One Worker, 10 Customers Can Be

question 162

Multiple Choice

When Burger Barn hires one worker, 10 customers can be served in an hour. When Burger Barn hires two workers, 25 customers can be served in an hour. The marginal product of the second worker is ________ customers served per hour.

• A) 15
• B) 30
• C) 40
• D) 67.5

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Definitions:

Bond Indenture

A legal contract between a bond issuer and a bondholder that specifies the terms of the bond, such as its maturity date, face value, coupon rate, and any special features.

Secured Loan

A type of loan that is backed by collateral, making it less risky for the lender since the collateral can be seized if the loan is not repaid.

Maturity Date

Due date of the promissory note.

Dividends

Payments made by a corporation to its shareholders, often as a distribution of profits.