If Ten Cases of Spring Water Are Sold at a Price

question 68

Multiple Choice

If ten cases of spring water are sold at a price of $6 each in a perfectly competitive output market and the marginal product of the last unit of labor is 5, then the marginal revenue product of that last unit of labor is

• A)$60
• B)$30
• C)$50
• D)$2
• E)60 cents

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Definitions:

Anima and Animus

Jungian concepts referring to the unconscious feminine side of a man (anima) and the unconscious masculine side of a woman (animus) that influence their behavior.

Ego

A component of the human psyche in psychoanalytic theory that mediates between the conscious, the unconscious, and the external world.

Extraverted Thinking Types

Personality types characterized by decision-making processes that focus on external criteria and logical reasoning.

Introverted Feeling Types

Individuals who primarily make decisions based on deeply held personal values and emotions; typically introspective, sensitive, and reserved in nature.