Table 114 -Refer to Table 11

question 28

Multiple Choice

Table 11.4
$$\begin{array} { | c | c | c | } \hline \text { Number of Workers } & \begin{array} { c } \text { Total } \\\text { Froduct }\end{array} & \begin{array} { c } \text { Product } \\\text { Price } ( \$ ) \end{array} \\\hline 0 & 0 & 4 \\\hline 1 & 15 & 4 \\\hline 2 & 29 & 4 \\\hline 3 & 42 & 4 \\\hline 4 & 54 & 4 \\\hline 5 & 65 & 4 \\\hline 6 & 75 & 4 \\\hline 7 & 84 & 4 \\\hline 8 & 92 & 4 \\\hline 9 & 99 & 4 \\\hline 10 & 105 & 4 \\\hline\end{array}$$
-Refer to Table 11.4,which shows data for a perfectly competitive firm.The first column shows the number of workers employed in production,the second column shows the total product of the firm,and the third column shows its product price.If the firm wants to hire nine workers,then the wage rate is _____

• A)$4.
• B)$14.
• C)$28.
• D)$198.
• E)$396.

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Definitions:

Extra Dividend

A one-time payment made by a company to its shareholders, in addition to regular dividends, usually indicative of exceptional earnings.

Special Dividend

A one-time distribution of profits by a company to its shareholders, in addition to any regular dividends.

WACC

The weighted average cost of a company's capital from all sources, including equity and debt, used to evaluate investment possibilities.

Debt Ratio

The debt ratio measures a company's financial leverage by comparing its total liabilities to its total assets, indicating the proportion of a company's assets that are financed through debt.