For the Following Output Data, Assume That the Amounts of All

question 42

Multiple Choice

For the following output data, assume that the amounts of all nonlabour resources are fixed

$\begin{array} { | l | c | c | c | c | c | c | c | } \hline & \mathrm { A } & \mathrm { B } & \mathrm { C } & \mathrm { D } & \mathrm { E } & \mathrm { F } & \mathrm { G } \\\hline \text { Number of Workers } & 0 & 1 & 2 & 3 & 4 & 5 & 6 \\\hline \text { Outputs (units) } & 0 & 40 & 90 & 126 & 150 & 165 & 174 \\\hline\end{array}$
-The law of diminishing marginal returns becomes evident with the addition of the:

• A)fifth worker
• B)fourth worker
• C)third worker
• D)second worker
• E)first worker

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Definitions:

Minor

An individual under the age of legal adulthood, typically under 18, and thus is limited in their legal capacity to make certain types of decisions or enter into contracts.

Irrevocable

Something that cannot be changed, reversed, or taken back once it has been established or done.

Grantor

The individual or entity that establishes a trust, transfers property, or conveys rights to another person or entity.

Spendthrift Trust

A trust designed to provide financial support to a beneficiary while protecting the trust assets from the beneficiary's creditors or from being spent recklessly by the beneficiary.