The Marginal Physical Product of the Third Unit of Labor

question 119

Multiple Choice

The marginal physical product of the third unit of labor in Figure 21.1 is

• A) 40.0 units per day.
• B) 12.0 units per day.
• C) 13.3 units per day.
• D) 4.0 units per day.

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Definitions:

Grid Technique

A method used for decision-making or spatial analysis that involves dividing a space into a grid for systematic analysis.

Nonlinear Transportation Rates

Transportation pricing that does not increase at a constant rate as distance or shipment size increases.

Raw Materials Sources

The origins or suppliers of the unprocessed materials which are used in manufacturing products.

Finished Goods Markets

Markets that deal in products that have completed the manufacturing process and are ready for sale or consumption.