Use the Following Table to Answer the Question : Table

question 99

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 true?

• A)The marginal value product of the third worker is $50.
• B)The marginal value product of the fifth worker is $10.
• C)The marginal product of the fourth worker is 21 pizzas.
• D)The marginal product of the second worker is 6 pizzas.

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Definitions:

Current Liabilities

Short-term financial obligations that are due within one year or within the normal operating cycle of a business, including accounts payable, short-term loans, and taxes payable.

Indirect Costs

Expenses not directly tied to the production of goods or services, such as rent, utilities, and administrative salaries.

Manufacturing Environment

The setting or conditions within which manufacturing processes take place, including the tools, machinery, and workforce involved.

Period Costs

Period costs are expenses that are not directly tied to the production of goods and are instead charged to the accounting period in which they are incurred, such as selling and administrative expenses.