Table 2.3 -Refer to Table 2.3.The Marginal Product of the 3rd Worker

question 111

Multiple Choice

Table 2.3
-Refer to Table 2.3.The marginal product of the 3rd worker is

• A) 100 units of output.
• B) 80 units of output.
• C) 60 units of output.
• D) 40 units of output.

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Definitions:

Logistics Costs

Expenses associated with the planning, implementing, and controlling the efficient, effective forward and reverse flow and storage of goods, services, and related information.

Customer Service

Assistance and advice provided by a company to those people who buy or use its products or services.

Supply Chain

The entire network of entities, directly or indirectly interlinked and interdependent in serving the same consumer or customer, involving the production and delivery of a product or service from the supplier to the customer.

Artificial Intelligence

The simulation of human intelligence processes by machines, especially computer systems, enabling them to perform tasks that typically require human intelligence.