Table 62 Table 62 Summarises Production at the Crunchy Apple Orchard for the
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question 195

Multiple Choice

Table 6.2
$$\begin{array} { | c | c | } \hline \begin{array} { c } \text { Number of } \\\text { Workers }\end{array} & \begin{array} { c } \text { Apples per Day } \\\text { (bushels) }\end{array} \\\hline 1 & 50 \\\hline 2 & 120 \\\hline 3 & 180 \\\hline 4 & 230 \\\hline 5 & 270 \\\hline 6 & 300 \\\hline\end{array}$$ Table 6.2 summarises production at the Crunchy Apple Orchard for the month of April 2005.
-Refer to Table 6.2.The marginal product of the fourth worker is ________.

• A) 230 bushels
• B) 57.4 bushels
• C) 50 bushels
• D) 12.4 bushels

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Definitions:

SML

Stands for the Security Market Line, which represents the expected return of a market portfolio as a function of systematic, or market, risk.

Risk-Free Rate

The theoretical rate of return of an investment with no risk of financial loss.

Portfolio Beta

Portfolio Beta is a measure of the overall systematic risk of a portfolio of investments relative to the market as a whole.

Exchange-Traded Fund

An Exchange-Traded Fund (ETF) is a type of investment fund and exchange-traded product, the shares of which are traded on stock exchanges.