If One Worker Can Pick $30 Worth of Grapes and Two

question 8

Multiple Choice

If one worker can pick $30 worth of grapes and two workers together can pick $50 worth of grapes, the

• A)marginal revenue product of each worker is $25.
• B)marginal revenue product of the first worker is $20.
• C)marginal revenue product of the second worker is $20.
• D)data given are insufficient to determine the marginal revenue product of either worker.

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Definitions:

Voluntary Transfer

The act of willingly transferring ownership or interest in an asset from one party to another without coercion.

Conveyance

The act of transferring ownership of property from one party to another, often involving real estate.

Gift

A voluntary transfer of property for which the donor receives no consideration in return.

Title

The formal right of ownership of property, whether real or personal, tangible or intangible.