Table 8-2 Table 8-2 Summarizes Production at the Crunchy Apple Orchard for Workers

question 211

Multiple Choice

Table 8-2
$\begin{array}{|c|c|}\hline \begin{array}{c}\text { Number of } \\\text { Workers }\end{array} & \begin{array}{c}\text { Applesper Day } \\\text { (bushels) }\end{array} \\\hline 1 & 50 \\\hline 2 & 120 \\\hline 3 & 180 \\\hline 4 & 230 \\\hline 5 & 270 \\\hline 6 & 300 \\\hline\end{array}$ Table 8-2 summarizes production at the Crunchy Apple Orchard for the month of April.
-Refer to Table 8-2.What is the average product of labor when the orchard employs 5 workers?

• A) 270 bushels
• B) 54 bushels
• C) 40 bushels
• D) 8 bushels

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Definitions:

Shortage/Surplus

A situation where the quantity of a good demanded exceeds the quantity supplied (shortage) or the quantity supplied exceeds the quantity demanded (surplus).

Price Ceiling

A cap set by the government on the maximum price that can be asked for a good, service, or commodity.

Shortage/Surplus

An economic condition where the quantity demanded is greater than (shortage) or less than (surplus) the quantity supplied at the market price.

Demand Equation

A mathematical representation of the relationship between the quantity of a good demanded and its price.