A fiRm's Output Increases from 1760 Units to 1890 Units

question 23

Multiple Choice

A firm's output increases from 1760 units to 1890 units when labour employed increases from 147 to 148 workers. The marginal product of labour is _____ units.

• A) 1890
• B) 1130
• C) 130
• D) 189

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Definitions:

Flexibility

The ability of an entity or individual to adapt and respond to changes or new circumstances efficiently.

Order Cycle

The complete process or time taken from placing an order to receiving the goods, encompassing all steps from order transmission, processing, and delivery.

Cross-Docking

A logistics procedure where products received at a warehouse are directly transferred from incoming to outgoing shipping with minimal or no storage time.

Documentation

The process or practice of recording information to detail activities, procedures, or conditions.