If the Price for a Box of Kiwis Is $40,the

question 35

Multiple Choice

If the price for a box of kiwis is $40,the wage rate for kiwi laborers is $10 per hour,and a laborer can pick 3 boxes of kiwis per hour,the

• A)MRP is $30 per hour.
• B)MPP is $30 per hour.
• C)Cost efficiency is 3/10 of a box per dollar.
• D)Wage rate will tend to fall.

---

Definitions:

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.

Investment

The allocation of capital to purchase assets or securities with the expectation of generating future profits or income.

Slope

A measure of the steepness or inclination of a line, calculated as the ratio of the vertical change to the horizontal change between two points on the line.

Vertical Axis

In graphing, the y-axis that typically represents the variable being measured or dependent variables.