Examlex

Solved

Based on the Table Below and the Principle of Diminishing

question 142

Multiple Choice

Based on the table below and the principle of diminishing returns to capital, then total packages wrapped when a fourth machine is installed must be less than ______ packages.  Number of (Identical)  Machines  Total Packages Wrapped 1500029,000312,000\begin{array} { | c | c | } \hline \text { Number of (Identical) Machines } & \text { Total Packages Wrapped } \\\hline 1 & 5000 \\\hline 2 & 9,000 \\\hline 3 & 12,000 \\\hline\end{array}


Definitions:

Shareholders

Individuals or entities that own shares in a corporation, granting them ownership interests and typically some level of influence over the corporation's decisions.

Judgment

A court's final determination of the rights and obligations of the parties in a case.

Union Contract

A legally binding agreement between a labor union and an employer outlining the terms of employment, wages, benefits, and working conditions.

New Corporation

A business entity that has been recently formed and registered, embarking on its operational activities as a legal person.

Related Questions