Wei Sells Sandwiches for $10 Each in a Competitive Product

question 7

Multiple Choice

Wei sells sandwiches for $10 each in a competitive product market. The marginal revenue product for the fourth worker is $60. The marginal physical product of the fourth worker is:

• A) three.
• B) four.
• C) five.
• D) six.

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Definitions:

Bank Notification

A message or alert sent by a bank to inform its customers of specific account activities or changes.

Forged Check

A check that has been illegally altered or signed without the authorization of the account holder, often with fraudulent intent.

Bank Responsibility

The legal and ethical obligations of banks to act in the best interest of their customers and society, including the safeguarding of deposits and the prudent lending of funds.

Altered Check

A check that has been tampered with after its original issuance, such as changing the amount payable.