Table 18-9 -Refer to Table 18-9.This Table Describes the Number of Baseballs

question 254

Multiple Choice

Table 18-9

-Refer to Table 18-9.This table describes the number of baseballs a manufacturer can produce per day with different quantities of labor.Each baseball sells for $2.50 in a competitive market.What is the marginal revenue product of the fourth worker?

• A) $200
• B) $300
• C) $400
• D) $500

---

Definitions:

Depreciation

An accounting method of allocating the cost of a tangible asset over its useful life.

Salaries Accrued

Wages that have been earned by employees but have not yet been paid by the company.

End-of-period Spreadsheet

A tool used for accounting that summarizes all accounts and balances at the end of a period to prepare financial statements.

Balance Sheet Columns

The sections in a balance sheet that categorize and display a company's assets, liabilities, and shareholders' equity at a specific point in time.