Table 75
​ -Refer to Table 7

question 94

Multiple Choice

Table 7.5
​
$$\begin{array} { | c | c | c | } \hline \text { Labor } & \text { Total Froduct } & \text { Marginal Product } \\\hline 1 & 2 & 2 \\\hline 2 & 6 & \mathrm {~A} \\\hline 3 & \mathrm {~B} & 6 \\\hline 4 & 16 & 4 \\\hline 5 & 18 & \mathrm { C } \\\hline 6 & \mathrm { D } & 0 \\\hline\end{array}$$
-Refer to Table 7.5,which shows labor,total product,and marginal product produced by a firm.What is the total product at Point D?

• A)4
• B)2
• C)12
• D)18
• E)24

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Definitions:

Motivational Potential

The capacity or likelihood of something to stimulate interest or enthusiasm, thereby encouraging action or engagement.

Weak Economy

An economic state characterized by slow growth, high unemployment, and low consumer confidence.

Profit Sharing

A financial incentive strategy where employees receive a share of the company’s profits, based on its earnings, as a form of motivation and reward.

Skill-based Pay

A compensation system where employees are paid based on the skills and knowledge they possess rather than their job title or position.