Exhibit 7-13 the Total Product of Labor

question 173

Multiple Choice

Exhibit 7-13 The Total Product of Labor
-Given the information in Exhibit 7-13, what is the marginal product of the third unit of labor?

• A) slightly less than 2 units of output but more than 1.5 units of output
• B) less than the marginal product of the second unit of labor
• C) more than the marginal product of the second unit of labor
• D) more than the marginal product of the fourth unit of labor
• E) cannot be determined from the graph of total product

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Definitions:

Stimulus-Response Relationships

The connection between a specific stimulus and the behavior or reaction it elicits.

Conscious

The state of being awake and aware of one's surroundings and mental processes.

Unconscious Thought

Thoughts and processes that occur without an individual's aware perception, influencing actions and feelings.

Conditioned Stimulus

An initially neutral stimulus that becomes associated with an unconditioned stimulus to elicit a conditioned response after repeated pairings.