If the Total Product Is 300 Units When 10 Employees

question 8

Multiple Choice

If the total product is 300 units when 10 employees are employed and 440 when 11 are employed:

• A) The marginal product is 30 units with 10 employees.
• B) The average product is 140 units.
• C) The average product increases from 30 units to 40 units.
• D) The marginal product is 10 units.

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Definitions:

Single-family Dwelling Ordinance

A municipal regulation which specifies zoning laws and construction standards primarily for houses intended for single families.

Judicial Review

The power of courts to assess the legality of actions taken by the executive and legislative branches or evaluate the constitutionality of laws.

Estate Conveyed

The transfer of property ownership rights from one individual to another, often as a result of a sale, gift, or will.

Consideration

The value, often monetary, promised in a contract to be exchanged between the parties involved, a fundamental requirement for a contract to be legally binding.