A $5,000, 12% Note Is Dated April 10 and Is

question 72

Multiple Choice

A $5,000, 12% note is dated April 10 and is due in 90 days. The due date would be

• A) June 9.
• B) June 10.
• C) July 9.
• D) July 10.

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Definitions:

Marginal Product

The additional output resulting from one more unit of a given input, holding all other inputs constant.

Average Product

The output per unit of input, measured by dividing the total product by the quantity of input.

Average Product

The output per unit of input, calculated by dividing total production by the number of units of input.

Marginal Product

The additional output that is produced by adding one more unit of a particular input, keeping other inputs constant.