Refer to Table 12-1

question 140

Multiple Choice

Refer to Table 12-1. If the output price is $3, what is the marginal revenue product of the fifth unit of labour?

• A) $1050
• B) $360
• C) $210
• D) $150

Calculate the cycle time for a manufacturer using the proper formula.

Identify the classifications of inventory in a manufacturing company.

Understand the calculation and implication of cost of goods manufactured.

Differentiate between cost of goods manufactured and cost of goods sold.

---

Definitions:

Outcomes

The results or consequences of actions or events, often measured to assess effectiveness or success.

Particularistic Criteria

involves judging or evaluating individuals based on characteristics specific to that individual, rather than on universal standards.

Cultural Relativism

The principle that an individual's beliefs and activities should be understood by others in terms of that individual's own culture.

Ethical Imperialism

The practice of applying one's own ethical standards to individuals or organizations from different cultural or societal backgrounds.