Use the Following Table to Answer the Question : Table

question 90

Multiple Choice

Use the following table to answer the question : Table 16-1 : shows the total number of pizzas produced by 7 workers.
-Refer to Table 16-1.If the pizza industry is competitive and the price of a pizza is $10,then which of the following is correct?

• A)The total revenue from the sale of 4 pizzas is $30.
• B)The marginal value product of the fifth worker is $20.
• C)The marginal product of the fourth worker is 2 pizzas.
• D)The marginal revenue from selling the fifth pizza is $-10.

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Definitions:

Business Plan

A detailed document that outlines an organization's objectives, strategies, target market, financial forecasts, and operational plans.

Future Business Operations

Projected or planned activities and procedures for running a business in the future.

Competitive Analysis

Competitive Analysis is the assessment of competitors and their strategies to identify strengths, weaknesses, opportunities, and threats in the marketplace.

Executive Summary

A brief, comprehensive summary of a business plan or an investment proposal, which highlights its key points.