When Sam's Scarves Uses 2 Knitting Machines and Employs 3

question 213

Multiple Choice

When Sam's Scarves uses 2 knitting machines and employs 3 people, total revenue is $330 a day. When Sam's Scarves uses 2 knitting machines and employs 4 people, total revenue is $360 a day. The value of marginal product of the third worker is

• A) $110.
• B) $30.
• C) $360.
• D) $90.

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Definitions:

Response Message

A response message is a reply or reaction to an initial communication or request, often used in both personal and professional settings to provide information, clarification, or decisions.

Adjustment Message

A type of communication in business meant to address and resolve a customer complaint or issue.

Future Business

Refers to the prospects, plans, and innovations that aim to ensure the growth and sustainability of a business in upcoming years.

Instruction Messages

Instructions communicated clearly to guide or direct actions.