Exhibit 11-2 Labor and Output Data -In Exhibit 11-2, the Marginal Product of the 3rd Unit

question 119

Multiple Choice

Exhibit 11-2 Labor and output data $$\begin{array} { | c | c | } \hline \text { Labor } & \text { Output } \\\hline 0 & 0 \\1 & 20 \\2 & 45 \\3 & 80 \\4 & 100 \\5 & 110 \\\hline\end{array}$$
-In Exhibit 11-2, the marginal product of the 3rd unit of labor is equal to:

• A) 80.
• B) 45.
• C) 35.
• D) 100.
• E) 25.

---

Definitions:

Brand Name

The unique designation given to a product or service by its maker to distinguish it from competitors.

Promotion Program

A coordinated set of activities designed to increase consumer awareness, interest, and sales of a product or service.

Set the Budget

The process of allocating financial resources for specific activities, projects, or business operations.

State the Mission

The act of clearly expressing a company's purpose and core objectives, guiding its strategies, operations, and decision-making processes.