-Using the Data in the Above Table, If the Firm

question 14

Multiple Choice

-Using the data in the above table, if the firm employs 3 workers, total product (measured in units per day) and average product and marginal product of the third worker (measured in units per worker) are

• A) 19, 6 1/3, and 9 respectively.
• B) 3, 19, and 6 1/3 respectively.
• C) 19, 3, and 9 respectively.
• D) 19, 6 1/3, and 7 respectively.

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Definitions:

Enslaved Labor

The forced work that individuals must perform without consent and for no pay, often under threat of punishment.

Chesapeake

A geographical area in the United States known for the Chesapeake Bay, an estuary lying inland from the Atlantic Ocean, surrounded by Maryland and Virginia.

Navigation Acts

were a series of laws passed by the British Parliament that regulated trade between England and its colonies, designed to ensure that trade enriched Britain.

Colonial Products

Goods and commodities that were traditionally produced in colonies, such as tea, sugar, coffee, and spices, often exploited for economic gain by colonial powers.