Refer to the Given Data

question 131

Multiple Choice

Refer to the given data. The marginal revenue product of the second worker is

• A)$9.
• B)$24.
• C)$12.
• D)$8.

---

Definitions:

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values in a data set differ from the mean.

Forecast Error

The difference between the predicted value and the actual value observed, often used in the context of demand or sales forecasting.

Expected Profit

The anticipated monetary gain from business activities, calculated by multiplying the probability of various outcomes by their respective profits and summing the results.

Expected Understock

Anticipated situations where inventory levels are not sufficient to meet customer demand.