Consider the Following Table for a Firm TABLE 13- 2
-Refer to Table 13- 2

question 97

Multiple Choice

Consider the following table for a firm.The first column shows the number of units of a variable factor of production employed by the firm. $$\begin{array} { | c | l | } \hline \begin{array} { c } \text { Total Number of } \\\text { Units of the Factor }\end{array} & \begin{array} { c } \text { Total Number of } \\\text { Units of Output }\end{array} \\\hline 2 & 100 \\\hline 3 & 110 \\\hline 4 & 128 \\\hline 5 & 148 \\\hline 6 & 162 \\\hline 7 & 170 \\\hline 8 & 166 \\\hline\end{array}$$ TABLE 13- 2
-Refer to Table 13- 2.Suppose this firm is a perfect competitor and faces a given price of the product equal to $10 per unit.The marginal revenue product of the 3rd unit of the factor is

• A)$1000.
• B)$30.
• C)$110.
• D)$1100.
• E)$100.

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Definitions:

Motivated

Driven or inclined to act or engage in certain activities out of interest or need.

Behaviourism

An emphasis on explaining observable behaviour in terms of reinforcement schedules.

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