The Table Below Shows the Total Production for Varying Numbers

question 51

Multiple Choice

The table below shows the total production for varying numbers of hours worked producing yo- yos.The firm sells its product and hires its workers in competitive markets. $$\begin{array} { | c | c | c | c | } \hline \begin{array} { c } \text { Number of } \\\text { Hours Worked }\end{array} & \begin{array} { c } \text { Number of } \\\text { Yo-Yos } \\\text { Produced }\end{array} & \begin{array} { c } \text { Wage Rate } \\\text { per Hour } ( \$ ) \end{array} & \begin{array} { c } \text { Price of Yo- Yos } \\( \$ ) \end{array} \\\hline 10 & 60 & 10 & 5 \\\hline 11 & 70 & 10 & 5 \\\hline 12 & 78 & 10 & 5 \\\hline 13 & 84 & 10 & 5 \\\hline 14 & 88 & 10 & 5 \\\hline 15 & 90 & 10 & 5 \\\hline\end{array}$$ TABLE 13- 4
-Consider labour hired for $1000 per week.If the last week of labour hired produces 0.25 units of output which sells for $5000 per unit,labour should be hired in this situation since the wage is MRP.

• A)less; greater than
• B)more; greater than
• C)less; less than
• D)more; less than
• E)no; equal to

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Definitions:

Emic

An approach that investigates cultures from the inside, understanding phenomena through the meanings and definitions that are relevant to people from the culture being studied.

Etic

An approach that studies cultures from an outsider's perspective, emphasizing universals and comparative analysis.

Endogenous

Originating from within an organism, tissue, or cell, not influenced by external factors.

Sociosexuality

An individual's willingness to engage in sexual activity outside of a committed relationship, reflecting attitudes and behaviors regarding casual sex.