Refer to Figure 21

question 6

Multiple Choice

Refer to Figure 21.3.The best estimate of where diminishing marginal returns begin is at an output level of

• A) 10.
• B) 20.
• C) 30.
• D) 40.

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Definitions:

Depository Bank

A financial institution that holds and manages securities and assets on behalf of investors, such as stocks and bonds.

Payor Bank

A bank that is responsible for paying a check or draft presented for payment.

Intermediary Bank

Any bank, other than a payor or depository bank, that transfers a check during the check collection process.

Cashier's Check

A check issued by a bank, drawn on its own funds rather than that of a personal account, which guarantees the payee payment.