Which of the Following Would Have Staff Authority in a Manufacturing

question 238

Multiple Choice

Which of the following would have staff authority in a manufacturing firm?

• A) Painting department chief
• B) Machine shop foreman
• C) Corporate attorney
• D) Assembly line worker
• E) Packing and shipping department head

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Definitions:

Marginal Revenue

The increase in total revenue resulting from the sale of one additional unit of a product or service.

Value of the Marginal Product

The additional revenue a firm generates from employing one more unit of input, keeping other inputs constant.

Marginal Productivity

The additional output generated by adding one more unit of a specific input, while holding all other inputs constant.

Marginal Cost

The cost added by producing one additional unit of a product or service, a crucial concept in economics for understanding optimization.