The Following Table Shows the Total Output Produced by Different

question 185

Multiple Choice

The following table shows the total output produced by different numbers of workers in a shoe factory.

-Refer to the table above.What is the marginal product of the sixth worker?

• A) 20 pairs of shoes
• B) 46.7 pairs of shoes
• C) 60 pairs of shoes
• D) 280 pairs of shoes

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Definitions:

Equipment

Tangible property used in operations, such as machinery and office equipment, which is not intended for sale.

Accounting Equation

The fundamental formula representing the relationship between assets, liabilities, and equity (Assets = Liabilities + Equity).

Asset

An economic resource owned or controlled by an individual or business, expected to provide future benefits.

Liability

Any financial debt or obligation that a company owes, which must be settled over time through the transfer of economic benefits including money, goods, or services.