Say You Are the Owner of a Pizza Place

question 39

Multiple Choice

Say you are the owner of a Pizza place. You know that when your produce 10 pizzas, the average product of each of your workers is 10, and the marginal product of your last worker is 15. From this information you know that:

• A)the marginal product is increasing
• B)the average product is increasing
• C)the average product is decreasing
• D)the marginal product is decreasing

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Definitions:

Payroll Bank Account

A dedicated bank account used exclusively for processing payroll and related transactions to ensure accurate tracking and management of employee payments.

Payroll Register

A document that records each employee's gross earnings, deductions, and net pay for a specific payroll period.

Federal Depository Bank

A financial institution that is authorized to hold deposits for the Federal Reserve System, providing banking services to the government and the public.

Paychecks

Documents issued to employees to pay for their services, representing the net amount after deductions like taxes and retirement contributions.