Marginal Product Equals

question 219

Multiple Choice

Marginal product equals

• A) the total product produced by a certain amount of labor.
• B) the change in total product that results from a one-unit increase in the quantity of labor employed.
• C) total product divided by the quantity of labor.
• D) the amount of labor needed to produce an increase in production.
• E) total product minus the quantity of labor.

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Definitions:

Consolidation Worksheet

A financial document used for combining the financial statements of a parent company with its subsidiaries to present as one entity.

Equity Method

An accounting method used to assess the profits earned by investments in other companies by recording income equivalent to the investor's share of the investee's profits.

Cumulative Translation Adjustment

An entry in the comprehensive income section of a company's balance sheet that represents the aggregate effect of exchange rate changes on the translation of foreign subsidiaries' financial statements.

Current Rate Method

A method of foreign currency translation where all financial statement items are translated at the current exchange rate.