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Directions: Use the table to answer the question.
Table
| Hours of Labour | Total Output | Marginal Product |
| 0 | -- | -- |
| 1 | 100 | 100 |
| 2 | ------ | 80 |
| 3 | 240 | ----- |
On 1st July, 2006, A sold goods to B priced at `6,000 subject to a deduction of -
% trade
discount and drew a bill on B for 3 months. B accepted the bill and returned it to A. A and B
mutually agreed that this bill should be discharged by a cash payment of `2,000 and a new bill
on such a date as would enable the latter to earn a rebate of `100 @ 10% p.a. The new bill would
be accepted for 2 months at 12% p.a. interest. The new bill was met on the due date.
To earn a rebate of `100, the date of payment should be
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I guess, first three hours of labour should be 180/3. i m little confused.