If the Marginal Revenue Product of the Fifth Worker Is

question 72

Multiple Choice

If the marginal revenue product of the fifth worker is $15, the price of the last unit of output produced is $5, and the firm sells as a price searcher, then the marginal product of the fifth worker is

• A)3 units of output
• B)45 units of output
• C)fewer than 3 units of output
• D)greater than 3 units of output
• E)greater than 75 units of output

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Definitions:

Group Performance

The effectiveness and outcomes achieved through the collective actions of a group of individuals working towards common objectives.

Process Loss

The inefficiencies that occur during group processes that lead to lower effectiveness or productivity than could be achieved by individuals working separately.

Disjunctive Task

A group task that can be completed if any one group member solves the problem; the group's performance is determined by its strongest member.

Performance Norm

A standard or expectation for behavior and performance that is established by a group.