If a Fifth Unit of Labor Was Added to Table

question 49

Multiple Choice

$$\begin{array}{l}\begin{array} { | c | c | } \hline \text { Units of Labor } & \text { Units of Output } \\\hline 0 & 0 \\\hline 1 & 15 \\\hline 2 & 35 \\\hline 3 & 45 \\\hline 4 & 52 \\\hline\end{array}\\\text { Table 21.1 }\end{array}$$ If a fifth unit of labor was added to Table 21.1, its MPP would most likely be

• A) Zero.
• B) 7.
• C) Less than 7.
• D) Greater than 7.

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Definitions:

Shareholders

Individuals or entities that own shares in a corporation, thus holding a portion of the corporation's ownership.

Poison Pill

A defensive strategy used by companies to deter hostile takeovers by making the company less attractive to the potential acquirer.

Takeover Bid

An offer made by an individual, group, or company to purchase a significant portion or all of the target company's shares in order to gain control of the target company.

Hostile Takeover

An acquisition attempt by a company or individual that is opposed by the target company's management and board of directors.