If 6 Workers Can Wash 42 Cars a Day and 7

question 158

Multiple Choice

If 6 workers can wash 42 cars a day and 7 workers can wash 50 cars a day,then the marginal product of the 7th worker equals

• A) 7.1 cars a day.
• B) 7 cars a day.
• C) 42 cars a day.
• D) 50 cars a day.
• E) 8 cars a day.

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Definitions:

Maximize Profits

The process or strategy employed by businesses to increase their net earnings to the highest possible level.

Cartel

An association of manufacturers or suppliers with the purpose of maintaining prices at a high level and restricting competition.

Peanut Growers

Individuals or entities engaged in the cultivation and harvest of peanuts as an agricultural practice.

Marginal Revenue

It refers to the additional income earned by selling one more unit of a good or service.