Suppose Two Froyo Machines and 12 Workers Produce Eight Quarts

question 23

Multiple Choice

Suppose two froyo machines and 12 workers produce eight quarts of frozen yogurt.If the marginal product of the thirteenth worker is two quarts,then which of the following is true?

• A)Thirteen workers produce ten quarts of frozen yogurt.
• B)Thirteen workers produce two quarts of frozen yogurt.
• C)The thirteenth worker alone produces ten quarts of frozen yogurt.
• D)Thirteen workers produce six quarts of frozen yogurt.
• E)The diminishing marginal returns begin with the thirteenth worker.

Apply the direct and indirect methods to determine net cash provided by operating activities.

Identify and classify noncash investing and financing activities.

Calculate the effects of changes in balance sheet accounts on cash flows.

Recognize the impact of specific transactions on the cash flows of a company.

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Definitions:

Quorum

The minimum number of members needed to be present at a meeting to make the proceedings of that meeting valid.

Substantial Portion

Refers to a significant part or quantity of something, usually in comparison to the whole.

Corporate Assets

Resources owned by a corporation that have economic value and can be used to meet debts, commitments, or investments.

Articles Of Incorporation

These are formal documents filed with a governmental body to legally document the creation of a corporation.