The Table Shows the Total Production of Hats in a Factory

question 78

Multiple Choice

The table shows the total production of hats in a factory given various numbers of employees. Adding a seventh employee adds _____ hats to total production.

• A)255
• B)25
• C)20
• D)275

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Definitions:

Inventory

Represents the goods or materials a business holds for the purpose of resale or production.

Interest Expense

The cost incurred by an entity for borrowed funds, which can include the cost of bonds, loans, or lines of credit.

Opportunity Costs

The potential benefits an individual, investor, or business misses out on when choosing one alternative over another.

Sunk Costs

Costs that have already been incurred and cannot be recovered.