A Bakery Uses Five Ovens to Bake Muffins

question 9

Multiple Choice

A bakery uses five ovens to bake muffins. Yesterday's data are provided below.

Which oven was the most productive?

• A) Oven 1
• B) Oven 2
• C) Oven 3
• D) Oven 4
• E) Oven 5

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Definitions:

Wage Rates

The amount of money paid to workers per unit of time, often an hour, reflecting compensation for labor.

Labor Productivity

The output per worker, measuring how efficiently labor is used in the production process.

Marginal Revenue Product

Is the additional revenue generated from employing one more unit of a resource, holding all other factors constant.

Fertilizer

A substance, either natural or synthesized, introduced to soil or terrain to boost its fertility and promote the growth of plants.