The Following Data Show the Total Output for a Firm

question 38

Multiple Choice

The following data show the total output for a firm when specified amounts of labour are combined with a fixed amount of capital. When answering the questions, you are to assume that the wage per unit of labour is $25 and the cost of the capital is $100. $$\begin{array}{l}\begin{array} { | c | c | } \hline \text { Labour per unit of time } & \text { Total Output } \\\hline 0 & 0 \\\hline 1 & 25 \\\hline 2 & 75 \\\hline 3 & 175 \\\hline 4 & 250 \\\hline 5 & 305 \\\hline\end{array}\\\text { TABLE } 7 - 4\end{array}$$
-Refer to Table 7- 4. Marginal product of labour begins decreasing with the unit of labour hired. Average product of labour begins decreasing with the unit of labour hired.

• A) 4th; 5th
• B) 3rd; 4th
• C) 4th; 3rd
• D) 3rd; 2nd
• E) 2nd; 3rd

Compare and contrast place theory and frequency theory of hearing.

Distinguish between sensation and perception, including their functions.

Identify the locations of sensory receptors for kinesthetic sense.

Define vestibular and kinesthetic senses, explaining their roles in body position, balance, and movement.

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Definitions:

Role Playing

The act of performing the role of a character in a social setting, either as a form of entertainment or as a therapeutic technique.

Social Norm

The accepted behaviors within a society or group, often considered the 'unwritten rules' of conduct in various scenarios.

Attitude

The tendency of psychology to judge an entity with a degree of liking or disliking.

Foot-In-The-Door Phenomenon

A mental strategy that involves persuading someone to consent to a significant request after initially getting them to agree to a smaller one.