Refer to Table 21 What Is the Marginal Physical Product of the Second Unit

question 84

Multiple Choice

Refer to Table 21.3 below: Table 21.3
$$\begin{array} { | c | r | r | } \hline \text { Units of Lubor } & \text { Units of Output } & \text { MPP } \\\hline 0 &0& \\\hline 1 & &30 \\\hline 2 & 66& \\\hline 3 &&30 \\\hline 4 & 116 \\\hline\end{array}$$ What is the marginal physical product of the second unit of labor in Table 21.3?

• A)66.
• B)36.
• C)33.
• D)18.

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Definitions:

Net Income

Signifies the net income of a corporation following the subtraction of all costs and tax obligations from the overall revenue.

Inventory Turnover

A measure showing the frequency at which a company's inventory is sold and replenished within a given timeframe.

Days in Inventory

A financial metric that calculates the average number of days a company holds inventory before it is sold.

Consigned Goods

Items that are given to a third party to sell but remain the property of the seller until sold.