Table 18-9 The Following Table Shows the Production Function for a Particular

question 370

Multiple Choice

Table 18-9
The following table shows the production function for a particular business. The numbers represent the various labor and output combinations the firm may choose for its output on a daily basis.
-Refer to Table 18-9. What is the marginal product of the fourth unit of labor?

• A)40 units
• B)50 units
• C)60 units
• D)180 units

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Definitions:

Iroquois

A historically powerful and influential group of Native American tribes forming the Iroquois Confederacy, primarily located in the northeastern United States.

Fort Necessity

Fort Necessity was a small stockade built by British colonial forces in 1754 in what is now Farmington, Pennsylvania, playing a key role in the early stages of the French and Indian War.

Plan of Union

A proposal made by Benjamin Franklin at the Albany Congress in 1754 for the creation of a unified government for the Thirteen Colonies, which was not implemented but laid groundwork for future unity.

Albany Congress

A meeting of representatives from several American colonies in 1754 to discuss forming a united front against the French and Native American threats.