Use the Following to Answer Questions

question 181

Multiple Choice

Use the following to answer questions:
-(Table: Tonya's Production Function for Apples) Look at the table Tonya's Production Function for Apples. The marginal product of the fourth worker is _____ apples.

• A) 7
• B) 26
• C) 5
• D) 21

---

Definitions:

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year, by comparing current assets to current liabilities.

Current Liabilities

Short-term financial obligations that are due within one year or within a normal operating cycle.

Accounts Receivable Turnover

A financial ratio indicating how efficiently a company collects its receivables or the credit it extends to customers.

Inventory Turnover

A measure of how quickly inventory is sold, calculated by dividing the cost of goods sold by the average inventory.