Using the Following Information, Complete Questions 12 - 15

question 58

Multiple Choice

Using the following information, complete questions 12 - 15
A manufacturer of inexpensive toys operates in a city that offers significant tax benefits in order to entice new businesses to set up shop. The firm has the relationship between the number of workers per hour and the total product per hour shown in the following table. The relationship between output produced and per hour and the price at which it can be sold is also given. Assume that the cost of materials used in each toy is $.05. Because of local tax credits resulting from operating in this specific city, the firm's effect wage rate is $2.00 per hour.
-Given the above information, what is the firm's Arc Marginal Product of Labor?

• A) 30, 20, 15, 10, 5
• B) 30, 25, 20, 15, 10
• C) 25, 20, 15, 10, 5
• D) 25, 15, 10, 5, 0
• E) 20, 15, 10, 5, 0

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Definitions:

Outgroup

“Them”—those perceived as different or apart from our ingroup.

Ingroup Bias

The tendency to favor members of one's own group over those in other groups.

Implicit Racial Associations

Unconscious biases and attitudes towards different races that individuals may not be aware of.

Ingroup Bias

The tendency to favor and extend loyalty to members of one's own group over those of other groups.