Asked by Zeina Samarneh on Jun 25, 2024
Verified
At the Larson Bakery the marginal products of the first, second, and third sales clerks are 30, 27, and 21 customers served, respectively. The total product (number of customers served) of the first two sales clerks is
A) 6.
B) 17.
C) 57.
D) 78.
Total Product
The overall quantity of output that a firm produces, usually in relation to a given amount of input.
Marginal Products
The additional output that results from using one more unit of a production input, keeping all other inputs constant.
- Determine and explicate the average and marginal yield of workforce efforts.
Verified Answer
BS
Breeanna SundbergJun 26, 2024
Final Answer :
C
Explanation :
The total product of the first two sales clerks is the sum of their marginal products: 30 (first clerk) + 27 (second clerk) = 57 customers served.
Learning Objectives
- Determine and explicate the average and marginal yield of workforce efforts.