Refer to the Data Provided in Table 10 -Refer to Table 10

question 23

Multiple Choice

Refer to the data provided in Table 10.1 below to answer the following question(s) .
Table 10.1 $$\begin{array}{l}\text { Total Labor Units } \quad \text { Total Product } \quad \text { Marginal Product of Price per }\\\begin{array} { c c c c } \text { (employees) } & \text { (T-shirts per day) } & \text { Labor (per day) } & \text { T-shirt } \\\hline 0 & 0 & - & - \\1 & 20 & 20 & \$ 5 \\2 & 50 & 30 & 5 \\3 & 75 & 25 & 5 \\4 & 95 & 20 & 5 \\5 & 110 & 15 & 5\end{array}\end{array}$$
-Refer to Table 10.1. The marginal revenue product of the fifth worker is

• A) $15.
• B) $75.
• C) $90.
• D) $550.

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Definitions:

Monthly Payments

Payments made every month towards the balance of a loan, mortgage, or other long-term financial obligation.

Principal Balance

The original amount of money lent or invested, before any interest or profit is added to it or any payments are made.

Amortized

Definition: The process of spreading out a loan into a series of fixed payments over time.

Equal Payments

Regular payments of the same amount over a specified period, commonly used in loan repayment schedules.