Suppose That Eight Workers Can Manufacture 70 Radios Per Day

question 382

Multiple Choice

Suppose that eight workers can manufacture 70 radios per day and that nine workers can manufacture 90 radios per day.If radios can be sold for $10 each,the value of marginal product of the ninth worker is

• A) 20 radios.
• B) 90 radios.
• C) $200.
• D) $900.

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Definitions:

Run Out of Money

The situation where an individual or business exhausts their financial resources, rendering them unable to cover expenses.

Independent Contractor/Consultant

An individual who provides services to organizations on a non-permanent basis under specific terms without being considered an employee.

No Capital

The lack of access to financial resources or investment necessary for starting or expanding businesses.

Career Options

The range of possible paths an individual can take in their professional life, often influenced by their skills, interests, values, and the opportunities available in the job market.