Refer to the Data Provided in Table 10 -Refer to Table 10

question 110

Multiple Choice

Refer to the data provided in Table 10.2 below to answer the following question(s) .
Table 10.2 $$\begin{array} { c c c } \begin{array} { c } \text { Total Labor Units } \\\text { (employees) }\end{array} & \begin{array} { c } \text { Total Product } \\\text { (frames per day) }\end{array} & \begin{array} { c } \text { Price per } \\\text { Frame }\end{array} \\\hline 0 & 0 & \$ 10 \\1 & 10 & \$ 10 \\2 & 30 & \$ 10 \\3 & 55 & \$ 10 \\4 & 70 & \$ 10 \\5 & 82 & \$ 10\end{array}$$
-Refer to Table 10.2. Marginal revenue product of the ________ worker is $250.

• A) second
• B) third
• C) fourth
• D) fifth

---

Definitions:

Money Supply

The complete amount of currency resources available within an economy, covering cash, coins, and the totals in checking and savings accounts, at a particular time.

Potential Growth

The estimated rate at which an economy could grow considering the full utilization of its resources without causing inflationary pressures.

Rational Expectations Theory

The hypothesis that individuals make predictions about future economic activities based on past and current information and act rationally on those expectations.

Anticipation

The act of expecting or foreseeing something, often involving preparatory action or adjustments based on predictions about future events or trends.