Refer to Scenario 7

question 280

Multiple Choice

Refer to Scenario 7.7 below to answer the question(s) that follow.
SCENARIO 7.7: A lawn service company has the following production possibilities. With one, two, three, and four workers, the company can mow 4, 9, 12, and 14 lawns per day, respectively.
-Refer to Scenario 7.7. The marginal product of the fourth worker is

• A) 2.
• B) 3.
• C) 12.
• D) 14.

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Definitions:

Ethical Firms

Companies that operate in ways that are morally right, adhering to principles of fairness, honesty, and respect for individuals and the environment.

U.S. Large-Cap Index

An index that tracks the performance of stocks with large market capitalizations in the United States.

Creating Value

The process through which companies develop products, services, or processes that are valuable to customers, thus enhancing the company's profitability and market position.

Benefits

Advantages or positive outcomes that are provided by a product, service, or job, including tangible and intangible elements.