Table 6-1 Table 6-1 Shows the Technology of Production at Production

question 122

Multiple Choice

Table 6-1
Table 6-1 shows the technology of production at the Matsuko's Mushroom Farm for the month of May.
-Refer to Table 6-1.What is the marginal product of the 4th worker?

• A) 137 kilograms
• B) 50 kilograms
• C) 12.5 kilograms
• D) 5 kilograms

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Definitions:

Aggregate

Aggregate refers to a total amount or sum formed by combining several separate elements or components.

Limited Partner

A partner who does not take part in the management of a firm and whose liability does not extend beyond his or her investment.

General Partner

A partner who takes an active part in running a partnership and has unlimited liability for the firm’s debts.

Liability

The legal responsibility to settle debts or obligations, which may arise from contracts, torts, or statutory duties.