If Ten Cases of Pretzels Are Sold at a Price

question 167

Multiple Choice

If ten cases of pretzels are sold at a price of $8 each and the marginal product of the last unit of labor is 5, the firm's total revenue is

• A)$80
• B)$30
• C)$50
• D)$6
• E)$150

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Definitions:

Asset Turnover

A financial ratio that measures the efficiency of a company's use of its assets to generate sales revenue.

Efficiently

Performing or functioning in the best possible manner with the least waste of time and resources.

Remote-Site Building

A facility or structure located away from the main business premises and often used for specific operations or projects.

Wiring

Involves the system of insulated conductors used to supply electricity to a building, equipment, or circuit.