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Suppose that one worker can produce 15 cookies, two workers can produce 35 cookies together, and three workers can produce 65 cookies together. What is the marginal product of the 3rd worker?
Profit Made
The revenue remaining after all expenses have been deducted from total sales.
Derivative Action
A lawsuit brought by a corporation's shareholder on behalf of the company against a third party, often for breach of fiduciary duty.
Shareholder
An individual or entity that owns shares in a company, giving them a claim on part of its assets and earnings.
Pre-emptive Rights
Rights that allow existing shareholders to purchase additional shares in a company before new shares are offered to the public, to maintain their proportional ownership.
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