Table 112 -Refer to Table 11

question 195

Multiple Choice

Table 11.2
$$\begin{array} { | c | c | c | c | c | } \begin{array} { c } \text { Workers } \\\text { per Day }\end{array} & \text { Total Product } & \text { Marginal Product } & \begin{array} { c } \text { Total } \\\text { Revenue } \\( \$ ) \end{array} & \begin{array} { c } \text { Marginal } \\\text { Revenue } \\\text { Froduct } ( \$ ) \end{array} \\\hline 0 & 0 & - & 0 & - \\\hline 1 & 100 & & 1,000 & 1,000 \\\hline 2 & & 95 & 1,950 & 950 \\\hline 3 & 285 & 90 & & 900 \\\hline 4 & 370 & & 3,700 & 850 \\\hline 5 & & 80 & 4,500 & 800 \\\hline\end{array}$$
-Refer to Table 11.2,which shows the product price of a perfectly competitive firm and the output produced by the firm.The marginal product of the fourth worker is _____

• A)$10.
• B)$2,850.
• C)85 units.
• D)$900.
• E)450 units.

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Definitions:

Break-even Point

The point at which total costs and total revenue are equal, meaning that there is no net loss or gain, and the business is not making a profit.

Direct Materials Cost

The cost of raw materials directly used in the production of products or services.

Sales

Revenue generated from the sale of goods or services.

Desired Profit

The target earnings a company aims for in a specific period as part of its financial and strategic planning.