-The Table Above Shows the Total Product Schedule for the X

question 47

Multiple Choice

-The table above shows the total product schedule for The X Firm.Decreasing marginal returns occur with the ________ worker because ________.

• A) 5th; the marginal product of labor for the 5th worker is less than the marginal product of the 4th worker
• B) 5th; the average product of labor is also declining
• C) 4th; output reaches is maximum
• D) 6th; output starts to decline
• E) 6th; the marginal product of labor is greater than the average product of labor

---

Definitions:

Sue for Damages

The act of bringing a legal action against someone in order to seek monetary compensation for harm or injury suffered.

Breach of Warranty

A Breach of Warranty occurs when a guarantee or promise about a product or service's condition, quality, or performance is not met, leading potentially to remedies such as repair, replacement, or compensation.

Exemption Clauses

Provisions in a contract that limit or exclude one party’s liability under certain circumstances.

Frustrated Contracts Act

Legislation that addresses situations where a contract, through no fault of the parties involved, cannot be fulfilled.