Out the Table and Answer the Question Below The Marginal Product of the Fifth Unit of Labor Is

question 44

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 marginal product of the fifth unit of labor is

• A)16.
• B)10.
• C)4.
• D)-2.

Comprehend the significance of demonstrating service quality dimensions (reliability, responsiveness, assurance, empathy, tangibles) to foster customer loyalty and renewals.

Acquire knowledge on the impact of salesperson behaviors and attitudes on customer perceptions and satisfaction.

Grasp the strategies for handling objections and closing sales effectively.

Identify different stages of the selling process and the importance of follow-ups.

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Definitions:

Direct Investment

The acquisition of a controlling interest in a foreign business by making investments such as purchasing the company's stock directly.

Capital Commitments

The funds that a company plans to spend on long-term assets or projects over a period of time.

Ownership

The state or fact of possessing something, which can include both tangible assets (like property) and intangible assets (like intellectual property).

International Business

A business that conducts for-profit transactions of goods and services across national boundaries.