Use the Table Below to Answer the Following Questions

question 45

Multiple Choice

Use the table below to answer the following questions.
Table 18.2.2
Wendy owns an apple orchard and she employs students
to pick the apples. In an hour they can pick the following amounts:

-Refer to Table 18.2.2. If the price of apples is $0.50 per kilogram, the value of marginal product of the 5th student is

• A)$0.50 an hour.
• B)$72.50 an hour.
• C)$14.50 an hour.
• D)$12.50 an hour.
• E)$10 an hour.

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Definitions:

Retained Earnings

The portion of net income left over for the business after it has paid out dividends to its shareholders.

Retained Earnings

The portion of net earnings not paid out as dividends but retained by the company to be reinvested in its core business or to pay debt.

Dividends

Profits distributed to shareholders as a reward for their investment in the company.

Liability Subsections

Refers to the various divisions or categories within liabilities on a balance sheet, detailing different types of obligations a company holds.