Refer to Figure 21

question 108

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:

Direct Labor-hour

A measure of the work input in terms of hours spent by workers directly involved in the manufacturing process.

Cash Disbursements

The outflow of cash for expenses, including paying bills, employees, and suppliers, among others.

Direct Labor-hours

The sum of working hours of employees directly contributing to the production activities.

Cash Disbursements

Payments made in cash by a business, including operating expenses, purchasing of assets, and other financial activities.