The Table Below Shows the Total Number of Loaves of Bread

question 47

Multiple Choice

The table below shows the total number of loaves of bread a bakery can bake per year with different numbers of ovens.The market for bread is perfectly competitive,with a market price of $2 per loaf.For which oven is the value of marginal product equal to $1400?

• A)oven 1
• B)oven 2
• C)oven 3
• D)oven 4
• E)none of the ovens has value of marginal product equal to $1400

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Definitions:

Price-Weighted Index

A stock market index in which each company's influence on the index's performance is proportional to its stock price.

Bond Price Index

A measure that tracks changes in the prices of a basket of bonds over time, reflecting the overall performance of the bond market.

Equally Weighted Index

A stock market index where each stock has the same weight or importance, regardless of the company's size.

Call Option

A financial contract that gives the buyer the right, but not the obligation, to buy an asset at a specified price within a predetermined time frame.