Human Resources Is an Example of a Functional Unit

question 1

True/False

Human resources is an example of a functional unit.

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Definitions:

Workers

Individuals engaged in some form of employment or labor, contributing their skills or effort in exchange for compensation.

Marginal Product

The additional output that is produced by adding one more unit of a specific input, while keeping other inputs constant.

Fourth Worker

An individual representing an additional unit of labor in the context of discussing labor inputs and productivity, often in economic analysis.

Average Product

refers to the output per unit of input, calculated by dividing the total product by the quantity of input.