The Following Question(s)deal with the Gizmo Company, Which Has the Following

question 67

Multiple Choice

The following question(s) deal with The Gizmo Company, which has the following production function: $$\begin{array} { | c | c | } \hline \text { Number of Workers } & \text { Number of Gizmos Produced } \\\hline 0 & 0 \\\hline 1 & 10 \\\hline 2 & 19 \\\hline 3 & 26 \\\hline 4 & 31 \\\hline 5 & 34 \\\hline\end{array}$$
-The marginal product of the fourth Gizmo worker hired is

• A)10.
• B)5.
• C)3.
• D)12.
• E)1.

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Definitions:

General Journal

A primary accounting record where financial transactions are entered before being posted to ledger accounts.

Accounts Receivable

Represents money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.

Horizontal Analysis

A technique in financial analysis where line items on financial statements are compared across subsequent periods to identify trends or significant changes.

Vertical Analysis

A method in financial analysis where each entry in a statement is listed as a proportion of another item, often used to compare line items over different periods.