In the Table Above,what Is the Marginal Product of the Total

question 48

Multiple Choice

$\begin{array}{c}\begin{array}{c}\text {Units of}\\\text {Labor}\\\hline1 \\2 \\3 \\4 \\5 \\\end{array}\begin{array}{c}\text { Total }\\\text { Product }\\\hline ---\\---\\300\\---\\290\\\end{array}\begin{array}{c}\text {Average}\\\text {Product}\\\hline---\\125\\---\\---\\---\\\end{array}\begin{array}{c}\text {Marginal}\\ \text {Product}\\\hline100\\---\\---\\20\\---\\\end{array}\end{array}$



In the table above,what is the marginal product of the fifth unit of labor?

• A)20
• B)50
• C)80
• D)-10
• E)-30

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Definitions:

Average Sale Period

An efficiency ratio that indicates the average number of days it takes for a company to convert its inventory into sales.

Inventory Turnover

A ratio showing how many times a company has sold and replaced inventory over a given period, indicating efficiency in inventory management.

Equity Multiplier

A financial ratio that measures a company's leverage by dividing total assets by total shareholders' equity.

Year 2

Refers to the second year in a given context, often used in financial and performance analysis.