When Caroline's Dress Factory Hires Two Workers,the Total Product Is

question 76

Multiple Choice

When Caroline's dress factory hires two workers,the total product is 50 dresses.When she hires three workers,the total product is 48,and when she hires four workers,the total product is 45.The marginal product of the third and fourth workers is:

• A) increasing and positive.
• B) increasing and negative.
• C) decreasing and positive.
• D) decreasing and negative.

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Definitions:

Tender Offer

An offer to purchase made by one company directly to the shareholders of another (target) company; often referred to as a “takeover bid.”

Target Company's Management

The executive and senior officers responsible for operating and making strategic decisions for a company that is being considered for acquisition or merger.

Merger

The combining of two or more entities into one, through either the acquisition of one by another or the consolidation of both into a new entity.

Building Corporation

A company engaged in the construction of buildings, ranging from residential to commercial projects.