Refer to the Table Shown A)4
B)5

question 121

Multiple Choice

Refer to the table shown. If total output is 41, level of employment is:

$\begin{array}{|c|c|}\hline \text { Number of workers } & \text { Marginal product of workers } \\\hline 1 & 5 \\\hline 2 & 7 \\\hline 3 & 8 \\\hline 4 & 10 \\\hline 5 & 11 \\\hline 6 & 7 \\\hline 7 & 5 \\\hline 8 & 3 \\\hline 9 & 0 \\\hline 10 & -1 \\\hline\end{array}$

• A)4.
• B)5.
• C)6.
• D)7.

---

Definitions:

Quantity

The amount or number of a material or immaterial good that is considered disposable or usable.

Income Elasticity of Demand

Income elasticity of demand measures how the quantity demanded of a good or service changes in response to a change in consumers' income.

Quantity Demanded

In economics, the total amount of a good or service that consumers are willing and able to purchase at a given price.

Income

The financial gain received by an individual or household, usually derived from work, investments, or other sources, over a period.