Riva Crafts and Sells Hard Cider as a Part-Time Job

question 377

Multiple Choice

Riva crafts and sells hard cider as a part-time job. She can bottle and sell four cases in a week. She is considering hiring her friend Atul to help her. Together, Riva and Atul can bottle and sell seven cases per week. What is Atul's marginal product?

• A)2 cases
• B)3 cases
• C)5 cases
• D)7 cases

---

Definitions:

Face Value

The nominal or dollar value of a security stated by the issuer, primarily relevant for bonds and the amount repaid at maturity.

Yield To Maturity

The total return anticipated on a bond if it is held until the date it matures, including both interest payments and capital gains.

Real Rate Of Return

The annual percentage profit earned on an investment, adjusted for changes in the price level due to inflation or other external effects.

Inflation Rate

The general rise in prices across goods and services, resulting in a decrease in the ability to purchase.