Use the Following Data to Answer the Question Refer to the Data

question 67

Multiple Choice

Use the following data to answer the question: $$\begin{array} { c c c } \begin{array} { c } \text { Inputs of } \\\text { Labor }\\\hline\end{array} & & \begin{array} { c } \text { Total } \\\text { Product }\\\hline\end{array} \\0 & & 0 \\1 & & 8 \\2 & & 18 \\3 & & 25 \\4 & & 30 \\5 & & 33 \\6 & & 34 \\7 & & 32\end{array}$$ Refer to the data.Marginal product becomes negative with the hiring of the __________ unit of labor.

• A) third
• B) fourth
• C) sixth
• D) seventh

---

Definitions:

Interest-Rate Cost of Funds

The expense associated with borrowing money, typically represented as a percentage of the total amount borrowed.

Corporate Decision

Strategic choices made by a company’s management that influence its operations, finances, and overall business direction.

R&D Activity

Research and Development activities involve investigative projects to discover new knowledge and use it to develop new products, processes, or services.

Interest-Rate Cost of Funds

The cost incurred by financial institutions for the funds they use in their operations, influenced by prevailing market interest rates.