If the Marginal Revenue Product of the Fifth Worker Hired

question 83

Multiple Choice

If the marginal revenue product of the fifth worker hired by a firm is $15 and the price of a unit of output is $5 regardless of how much is sold, then the marginal product of the fifth worker is

• A) 15 units of output.
• B) 5 units of output.
• C) 3 units of output.
• D) 45 units of output.
• E) 75 units of output.

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Definitions:

Buddhists

Followers of Buddhism, a spiritual tradition that focuses on personal spiritual development and the attainment of a deep insight into the true nature of life.

David Hume

A Scottish Enlightenment philosopher, historian, economist, and essayist known for his empirical approach to philosophical questions and skepticism about religion.

Individual Self

The distinct, separate, and unique identity of a person, encompassing their thoughts, actions, and perceptions.

Recognize Thoughts

The process or ability to identify and acknowledge one's own thoughts, emotions, and mental states.