Table 18-9 The Following Table Shows the Production Function for a Particular

question 224

Multiple Choice

Table 18-9
The following table shows the production function for a particular business. The numbers represent the various labor and output combinations the firm may choose for its output on a daily basis.
-Refer to Table 18-9. What is the marginal product of the third unit of labor?

• A)40 units
• B)50 units
• C)60 units
• D)180 units

---

Definitions:

Eisenhower Administration

The presidency of Dwight D. Eisenhower, the 34th President of the United States, from 1953 to 1961, noted for its moderate conservative stance and significant infrastructure projects like the Interstate Highway System.

Policy

A deliberate system of principles to guide decisions and achieve rational outcomes in governmental or organizational settings.

Native Americans

The first peoples of the Americas, including various tribes, nations, and ethnic groups, who lived in the United States before European colonization.

Prosperity

A state of economic growth and success, marked by high levels of income, employment, and production.