If Total Product for Each of Five Units of Labor

question 198

Multiple Choice

If total product for each of five units of labor is 10, 16, 20, 30, and 34, respectively, the marginal product of the third unit is

• A)20
• B)10
• C)4
• D)0
• E)6

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Definitions:

Urban Laborers

Workers who are employed in cities across various industries, often dealing with manual labor or specialized tasks in construction, manufacturing, and services.

Presidential Leadership

The skills, actions, and management style of a president in guiding the executive branch of government, national policy, and public opinion.

Legislative Branch

The branch of government responsible for creating and enacting laws, typically consisting of two houses in a bicameral system.

Executive Leadership

The top management or leadership roles within an organization, responsible for strategic decision-making and organizational direction.