The Table Has the Marginal Products for Workers at Bart's

question 29

Multiple Choice

The table has the marginal products for workers at Bart's Bats, a cricket bat factory.
-Using the above table, suppose the price of a bat is $3. If the wage rate for a worker in a cricket bat manufacturing plant is $18 an hour, then the firm will hire ________ workers; if the wage rate falls to $12 an hour, then the firm will hire ________.

• A) 5; 4
• B) 1; 2
• C) 3; 3
• D) 3; 5
• E) 2; 4

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Definitions:

Cue Deflation

The process where a cue that previously signaled the availability of a reinforcer loses its value or effectiveness after the reinforcer is decreased or removed.

Potentiation

The enhancement of a conditioned response (CR) to a nonsalient stimulus when a salient stimulus is also paired with the unconditioned stimulus (UCS).

Acquisition of Extinction

The process in conditioning when the conditioned response is reduced and eventually disappears as the conditioned stimulus is no longer paired with the unconditioned stimulus.

SOP

Standard Operating Procedure; a set of step-by-step instructions compiled by an organization to help workers carry out complex routine operations.