-In the Above Table, What Is Marginal Product of Labor

question 135

Multiple Choice

-In the above table, what is marginal product of labor for the 2nd worker?

• A) 20
• B) 8
• C) 10
• D) 12

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Definitions:

Futures Position

An investment strategy involving contracts for the purchase or sale of assets at a future date at a price specified today.

Closed Out

The process of finalizing all positions in a security or contract, effectively ending all obligations or engagements in those positions.

Hedge

An investment position intended to offset potential losses or gains that may be incurred by a companion investment, a common risk management strategy.

Speculator

An investor who engages in the buying and selling of financial instruments with the aim of profiting from short-term market fluctuations.