If Four Workers Can Product 18 Chairs a Day and Five

question 250

Multiple Choice

If four workers can product 18 chairs a day and five can produce 20 chairs a day, what is the marginal product of the fifth worker?

• A)2 chairs.
• B)3 chairs.
• C)4 chairs.
• D)38 chairs.

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Definitions:

Cash Receipts

The collection of money, including coins, notes, and electronic payments, received by a business during a given period.

Restricted Cash

Funds that are reserved for a specific purpose and cannot be used for general corporate purposes.

Separately Reported

Financial items or activities that are shown distinctly in financial statements to provide clarity and understanding of a company's financial position.

Outstanding Checks

Checks that have been issued and recorded in the account holder's register, but have not yet been cashed or cleared by the bank.