Use the Following to Answer Question

question 50

Multiple Choice

Use the following to answer question:
-(Table: Value of the Marginal Product of Labor and Demand) Use Table: Value of the Marginal Product of Labor and Demand.In the table,the total product of labor is shown for the hourly production of power cords.Assume that the market for power cords is perfectly competitive.If the price of a power cord is $2 and the market wage rate is $100 per hour,the profit-maximizing quantity of labor is _____ workers.

• A)0
• B)2
• C)4

---

Definitions:

Self-Efficacy

A belief in one's ability to succeed in specific situations or accomplish a task, which can play a major role in how goals, tasks, and challenges are approached.

Material Self

Refers to the aspect of self-concept that involves the physical and external objects and possessions that belong to or are associated with a person.

True Self

An individual's authentic and genuine personality, characteristics, and beliefs that are often believed to be at the core of one's inner being.

Low Self-Esteem

A state characterized by a lack of confidence and feeling badly about oneself.