Table 72 Shows Labor and the Quantity of Shoes Produced by by a Firm

question 69

Multiple Choice

Table 7.2 shows labor and the quantity of shoes produced by a firm. Given the information in the table below, _____ is the average product of the third unit of labor.​ ​
Table 7.2
​

• A)45 pairs of shoes
• B)25 pairs of shoes
• C)15 pairs of shoes
• D)10 pairs of shoes​
• E)75 pairs of shoes​

---

Definitions:

Purchase of Assets

involves acquiring assets of a company rather than its stock, usually in the context of mergers and acquisitions, focusing on buying specific assets like equipment, inventories, and property.

TradeMarks

Symbols, words, or phrases legally registered or established by use as representing a company or product.

Appraisal Rights

The right of shareholders to have their shares appraised and to receive monetary compensation in lieu of accepting the terms of certain corporate actions, like mergers.

Shareholder Meeting

is a gathering of a company's shareholders, held to discuss the company's performance, elect the board of directors, and make other decisions affecting the company.