Out the Table and Answer the Question Below The Average Product of Labor When 4 Units of Labor

question 80

Multiple Choice

out the table and answer the question below. $\begin{array}{c}\begin{array}{c}\text {Units of}\\\text {Labor}\\\hline1 \\2 \\3 \\4 \\5 \\6 \\7\end{array}\begin{array}{c}\text { Total }\\\text { Product }\\\hline ---\\---\\66\\---\\---\\78\\---\end{array}\begin{array}{c}\text {Average}\\\text {Product}\\\hline20\\---\\---\\---\\16\\---\\10\end{array}\begin{array}{c}\text {Marginal}\\ \text {Product}\\\hline---\\30\\---\\10\\---\\---\\---\\\end{array}\end{array}$

The average product of labor when 4 units of labor are employed is

• A)22.
• B)20.
• C)19.
• D)16.

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Definitions:

Corporate Profit

The financial surplus achieved by a company after subtracting all its expenses from its revenue.

Merger

A merger is a business strategy that involves combining two or more companies into a single entity, often with the goal of increasing market share, reducing costs, or enhancing competitiveness.

Internal Communications

The strategies and practices used by an organization to facilitate effective communication among its employees.

PR Campaigns

refer to carefully planned and executed initiatives designed to communicate specific messages from an organization to the public, often to manage the organization's image or to promote products, services, or events.