The Table Shown Displays the Production Schedule for a Bakery

question 158

Multiple Choice

The table shown displays the production schedule for a bakery in a competitive market that sells loaves of bread for $5 each.

What is the value of the marginal product of labor for the fifth worker?

• A)$250
• B)$7
• C)$25
• D)$35

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Definitions:

Straight-Line Depreciation

A method for allocating the financial value of a tangible asset through its lifespan in even yearly payments.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against a fixed asset over its useful life.

Machinery and Equipment

Physical assets used in a business operation to produce goods or services, not including buildings or property.

Assessed Tax Valuation

The valuation placed on property by a public tax assessor for the purposes of taxation.