On October 1, 2015, Android Inc

question 22

Multiple Choice

On October 1, 2015, Android Inc. made a loan to one of its customers. The customer signed a 4-month note for $100,000 at 15%. Calculate the maturity value of the note.

• A)$105,000
• B)$75,000
• C)$25,000
• D)$95,000

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Definitions:

Marginal Product

The additional output that is produced as a result of using one more unit of a particular input, while keeping other inputs constant.

Marginal Product

The additional output resulting from the use of one more unit of a productive input, holding other inputs constant.

Production Function

An equation that describes the maximum output of a good achieved from a given number of inputs.

Input

The inputs such as labor, materials, or resources utilized in creating products and services.