Refer to the Table Shown A) 2
B) 4
C) 5
D) 7

question 21

Multiple Choice

Refer to the table shown. At what level of employment is the marginal product of labor 7? $\begin{array}{|c|c|}\hline \text {Number of workers}&\text {Total output}\\\hline 1 & 4 \\\hline 2 & 10 \\\hline 3 & 18 \\\hline 4 & 28 \\\hline 5 & 35 \\\hline 6 & 41 \\\hline 7 & 45 \\\hline 8 & 48 \\\hline 9 & 50 \\\hline 10 & 49 \\\hline\end{array}$

• A) 2
• B) 4
• C) 5
• D) 7

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Definitions:

Vocabulary

The set of words known and used by a person in a language.

Functional Fixedness

A cognitive bias that limits a person to using an object only in the way it is traditionally used, hindering problem-solving and creativity.

Algorithm

A specific set of rules or processes to be followed in calculations or problem-solving operations, especially by a computer.

Heuristic

A problem-solving approach using practical methods or various shortcuts to produce solutions that may not be optimal but are sufficient for immediate goals.