Table 74 -Refer to Table 7

question 14

Multiple Choice

Table 7.4
$$\begin{array} { c c c } \begin{array} { c } \text { Units of } \\\text { Labor }\end{array} & \begin{array} { c } \text { Total } \\\text { Product }\end{array} & \begin{array} { c } \text { Marginal } \\\text { Product }\end{array} \\\hline 0 & 0 & - \\1 & 6 & 6 \\2 & 14 & 8 \\3 & 24 & 10 \\4 & 36 & 12 \\5 & 42 & 6 \\6 & 46 & 4\end{array}$$
-Refer to Table 7.4,which shows labor,total product,and marginal product for a firm.Marginal returns increase with the hiring of up to _____ workers.

• A)six
• B)two
• C)five
• D)four
• E)three

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Definitions:

Stock Market

A collection of markets where stocks (shares of ownership in businesses) are bought, sold, and issued, reflecting the economic trends and investor sentiment.

Business Activity

The various actions a business engages in as part of its operations, ranging from production to sales.

1929

The year marked by the stock market crash in October, which led to the Great Depression, a severe worldwide economic downturn.

High Inflation

Is a term describing a situation where prices for goods and services rise excessively, reducing purchasing power and potentially destabilizing the economy.