Table 18-9 The Following Table Shows the Production Function for a Particular

question 224

Multiple Choice

Table 18-9
The following table shows the production function for a particular business. The numbers represent the various labor and output combinations the firm may choose for its output on a daily basis.
-Refer to Table 18-9. What is the marginal product of the third unit of labor?

• A)40 units
• B)50 units
• C)60 units
• D)180 units

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Definitions:

Sensorimotor Period

A stage in early childhood development, according to Piaget's theory, where infants learn about the world primarily through their senses and motor activities.

Propositional Thought

Propositional thought is the ability to engage in complex reasoning and logically consider propositions and hypotheses.

Abstract Logic

The ability to think about objects, principles, and ideas that are not physically present. It involves reasoning and complex thought processes, often considered a component of advanced cognitive development.

Cognitive Development

The progression of learning and mental ability from infancy through adulthood, including the development of thinking, problem-solving, and memory skills.