An Avocado Orchard Employs Five Full-Time Workers

question 5

Multiple Choice

An avocado orchard employs five full-time workers.Currently, the average product of labor is 120 pounds of avocados per day.The orchard hires a 6th full-time worker and his marginal product is 150 pounds of avocados.The average product of the six workers will now be

• A)more than 120 pounds.
• B)less than 120 pounds.
• C)equal to 120 pounds.
• D)greater than the marginal product of labor.

Identify the importance of human and technical skills in professional development.

Recognize the components of human capital that contribute to a competitive advantage.

Understand the fundamental purposes and benefits of studying organizational behavior.

Describe the management skills necessary for organizational effectiveness.

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Definitions:

Middle-aged Adult

An individual who is in the middle phase of life, often defined as being between the ages of 40 to 65 years.

Adolescent

A developmental phase following childhood and before adulthood, marked by significant physical, psychological, and social changes, typically occurring between ages 13 and 19.

Young Adult

A term used to describe individuals in their late teens to early 20s, often focusing on the unique challenges and opportunities faced during this transitional life stage.

Serotonin System

A complex network of nerve cells and pathways in the brain that utilize serotonin, a neurotransmitter important in regulating mood and behavior.