-Refer to Table 12-4

question 72

Multiple Choice

-Refer to Table 12-4. What are the quantity of labour and marginal revenue product of labour that will maximise the profit Apple would earn from selling iPods?

• A) 2; $160
• B) 3; $340
• C) 2; $680
• D) 3; $140

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Definitions:

Bond

A bond is a fixed income instrument that represents a loan made by an investor to a borrower, often used by companies, municipalities, states, and sovereign governments to finance projects and operations.

Investment

The allocation of resources, usually money, in the expectation of generating an income or profit.

Interest Rate

The percentage of a sum of money charged for its use, typically expressed on an annual basis.

Wine Drinkers

Individuals who consume wine, often with an appreciation for its varieties and pairings with food.