Table 11.2.1 -Refer to Table 11.2.1 Which Gives Tania's Total Product Schedule

question 40

Multiple Choice

Table 11.2.1

-Refer to Table 11.2.1 which gives Tania's total product schedule. Marginal product of labour reaches its maximum when the number of workers increases from

• A)0 to 1.
• B)1 to 2.
• C)2 to 3.
• D)3 to 4.
• E)4 to 5

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Definitions:

Direct Materials

Direct materials are raw materials that are directly used in the manufacturing process of a product and can be easily traced to the product itself.

Direct Labor-Hours

A measure of the total amount of time worked by employees directly involved in manufacturing a product or delivering a service.

Variable Overhead

Costs of production that vary with the level of output, such as utility expenses or raw material costs.

Direct Materials

Raw materials that are directly traceable to the production of a specific good or service.