A Farm Can Produce 10 000 Bushels of Wheat Per

question 110

Multiple Choice

A farm can produce 10 000 bushels of wheat per year with five workers and 12 000 bushels with six workers. The marginal product of the sixth worker for this farm is:

• A) 10 000 bushels.
• B) 2000 bushels.
• C) 500 bushels.
• D) 23 000 bushels.

---

Definitions:

Shipping Costs

Expenses associated with the transportation of goods from one location to another, often influencing pricing and supply chain decisions.

Fuel

Substances used to produce energy, especially to power engines, heating, or produce electricity.

Average Total Cost

The average expense for each unit of output, calculated by dividing the overall production cost by the total number of units produced.

Average Fixed Cost

The cost that remains constant per unit of output as total production increases or decreases.