Refer to the Table Shown A)2
B)8

question 152

Multiple Choice

Refer to the table shown. The marginal product of the third worker is:

$\begin{array}{|c|c|}\hline \text { Number of workers } & \text { Marginal product of workers } \\\hline 1 & 2 \\\hline 2 & 5 \\\hline 3 & 9 \\\hline 4 & 14 \\\hline 5 & 16 \\\hline 6 & 17 \\\hline 7 & 18 \\\hline 8 & 18 \\\hline 9 & 17 \\\hline 10 & 15 \\\hline\end{array}$

• A)2.
• B)8.
• C)9.
• D)17.

Describe the historical development and current state of labor unions in the U.S.

Explain the economic goals of labor unions and their methods to achieve these goals.

Recognize the role of collective bargaining in labor-management relations.

Understand the concept and implications of a monopsony in labor markets.

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Definitions:

Mental Health Program

A structured set of services designed to prevent and treat mental illness and promote mental health among individuals or communities.

Training Initiative

A strategic approach initiated by organizations to develop skills and knowledge among employees through structured programs.

Environmental Factors

Elements outside of an individual's control that can influence their behavior, performance, or the outcomes of situations, such as social, economic, and physical environmental conditions.

Global Competition

Global competition refers to the dynamic and complex environment in which businesses across the world compete against each other for market share, innovation, and customer loyalty.