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

question 30

Multiple Choice

-The table above shows the total product schedule for The X Firm. The average product of labour is maximised at ________ workers because ________.

• A) 3; output starts to decrease with the 4th worker
• B) 5; the APL exceeds the MPL for the 5th worker
• C) 5; output is maximised with the 5th worker
• D) 4; the marginal product of labour is increasing with the 4th worker
• E) 4; productivity is maximised when the 4th worker is employed

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Definitions:

Clients

Individuals or entities that receive professional services or products from a business or professional.

Functional Work Teams

Groups of employees brought together from different departments to perform specific tasks or projects within an organization.

Leadership Functions

The roles and responsibilities carried out by leaders to guide, direct, and influence the work and behavior of others.

Formal Leaders

Individuals who hold recognized authority positions within an organization and are responsible for guiding and directing the efforts of others.