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.

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Definitions:

Implications

The possible results or effects that may arise from a specific action or decision.

Buying Decision

The process and factors influencing a consumer or organization’s choice to purchase a product or service, including personal, psychological, and economic considerations.

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The cognitive processes individuals go through to reach a decision or solve a problem.