Assume the Total Product of Two Workers Is 80 and the Total

question 201

Multiple Choice

Assume the total product of two workers is 80 and the total product of three workers is 90. The average product of three workers is ________, and the marginal product of the third worker is ________.

• A) 10; 45
• B) 30; 10
• C) 10; 13.33
• D) 160; 270

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Definitions:

Wheel of Innovation

A conceptual model illustrating the process of innovation in stages, from idea creation to implementation and diffusion.

Scaling

The process of adjusting or adapting the size, scope, or capabilities of something to accommodate different levels of demand or operational requirements.

Reverse Innovation

A strategy where products are initially developed for emerging markets and then adapted for more developed markets.

Disruptive Innovation

A term describing innovations that fundamentally change industry dynamics by introducing simplicity, convenience, accessibility, and affordability.