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

question 145

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 marginal product of the fourth unit of labor.​ ​
Table 7.2
​

• A)5 pairs of shoes​
• B)10 pairs of shoes​
• C)20 pairs of shoes​
• D)50 pairs of shoes​
• E)80 pairs of shoes​

---

Definitions:

Promissory Note

A financial instrument where one party (the issuer) promises in writing to pay a determinate sum of money to the other (the payee), either at a fixed or determinable future time or on demand of the payee, under specific terms.

Maturity

The date on which a financial obligation, such as a bond or loan, is due to be fully repaid.

Receivable

An amount owed to a business, typically by customers, that is expected to be paid within a short duration.

Party

An individual or entity involved in a legal transaction or agreement.