Asked by
Kiearra Pearson
on Nov 04, 2024Verified
At the Larson Bakery the marginal products of the first, second, and third sales clerks are 20, 17, and 11 customers served, respectively. The total product (number of customers served) of the first two sales clerks is
A) 3.
B) 17.
C) 37.
D) 48.
Marginal Products
The additional output that results from using one more unit of a particular input, holding all other inputs constant.
Sales Clerks
Employees in retail stores responsible for assisting customers, conducting transactions, and maintaining the arrangement of goods.
Customers Served
A measure of how many clients or customers a business, organization, or service has provided for in a given period.
- Ascertain the total output through evaluation of incremental products.
Verified Answer
KB
Learning Objectives
- Ascertain the total output through evaluation of incremental products.