Refer to the Data Provided in Table 10 -Refer to Table 10

question 60

Multiple Choice

Refer to the data provided in Table 10.1 below to answer the following question(s) .
Table 10.1 $$\begin{array}{l}\text { Total Labor Units } \quad \text { Total Product } \quad \text { Marginal Product of Price per }\\\begin{array} { c c c c } \text { (employees) } & \text { (T-shirts per day) } & \text { Labor (per day) } & \text { T-shirt } \\\hline 0 & 0 & - & - \\1 & 20 & 20 & \$ 5 \\2 & 50 & 30 & 5 \\3 & 75 & 25 & 5 \\4 & 95 & 20 & 5 \\5 & 110 & 15 & 5\end{array}\end{array}$$
-Refer to Table 10.1. If the payment to labor per day is $100, this T-shirt manufacturer is maximizing profits if he will hire ________ employee(s) .

• A) one
• B) two
• C) four
• D) five

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Definitions:

Good Will

A will without ulterior motive, motivated solely by the intention to do one’s duty.

Selfishness

The act or practice of placing one's own needs or desires above the welfare of others.

Natural Tendency

An innate inclination or predilection towards a particular behavior or action.

Duty-Defined

Describes actions or behaviors dictated by obligations, responsibilities, or moral commitments.