Table 8-3 -Refer to Table 8-3

question 179

Multiple Choice

Table 8-3
$$\begin{array} { | c | c | c | c | } \hline \begin{array} { c } \text { Quantity of } \\\text { Workers }\end{array} & \begin{array} { c } \text { Quantity of } \\\text { Boxes }\end{array} & \begin{array} { c } \text { Marginal } \\\text { Product of } \\\text { Labor }\end{array} & \begin{array} { c } \text { Average } \\\text { Product of } \\\text { Labor }\end{array} \\\hline 0 & 0 & \cdots & \cdots \\\hline 1 & 50 & & \\\hline 2 & 200 & & \\\hline 3 & 240 & & \\\hline 4 & 264 & & \\\hline 5 & 284 & & \\\hline\end{array}$$
-Refer to Table 8-3.The table above refers to the relationship between the quantity of workers employed and the number of cardboard boxes produced per day by Manny's House of Boxes.The capital used to produce the boxes is fixed.The average product of labor will equal 60 boxes when Manny hires

• A)the second worker.
• B)the third worker.
• C)the fourth worker.
• D)the fifth worker.

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Definitions:

Negotiability

The characteristic of a financial instrument that allows it to be transferred or assigned from one party to another, facilitating commerce and trade.

Electronic Deposit

The transfer of funds directly into a bank account, eliminating the need for physical checks.

Certificate of Deposit

A savings certificate with a fixed maturity date and specified fixed interest rate that is issued by a bank.

Principal

A primary party to a transaction, such as the chief participant in a business or the main amount of a loan.