When Sam's Scarves Uses 2 Knitting Machines and Employs 3

question 213

Multiple Choice

When Sam's Scarves uses 2 knitting machines and employs 3 people, total revenue is $330 a day. When Sam's Scarves uses 2 knitting machines and employs 4 people, total revenue is $360 a day. The value of marginal product of the third worker is

• A) $110.
• B) $30.
• C) $360.
• D) $90.

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Definitions:

Foreign Nations

Countries outside of one's own, especially those recognized as independent sovereign states.

High Crimes and Misdemeanors

A category of offenses for which public officials, specifically in the U.S., can be impeached and removed from office, involving abuses of power or breaches of public trust.

Political Exercise

An action or series of actions carried out by individuals or groups to achieve a political goal, often involving participation in democratic processes or demonstrations.

Impeachment Process

The Impeachment Process is a formal procedure set forth by law for accusing and potentially removing from office public officials deemed to have committed "treason, bribery, or other high crimes and misdemeanors."