Refer to the Following -As the Number of Workers Increases from 10 to 15

question 86

Multiple Choice

Refer to the following:

$\begin{array}{cccc}\begin{array}{c}\text { Number of } \\\text { Workers }\end{array} & \begin{array}{c}\text { Total } \\\text { Product }\end{array} & \begin{array}{c}\text { Average } \\\text { Product }\end{array} & \begin{array}{c}\text { Marginal } \\\text { Product }\end{array} \\\hline 5 &- & 28 & -30 \\10 & - & - & 30\\15 & 420 & - &- \\20 &- & - &22\\\end{array}$
-As the number of workers increases from 10 to 15, output per worker

• A) increases from 290 to 420
• B) increases from 28 to 29
• C) decreases from 29 to 28
• D) decreases from 30 to 26
• E) none of the above

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Definitions:

Welfare Loss

A decrease in economic efficiency, often measured as a lost benefit or surplus to consumers and producers, usually due to market failure or government intervention.

Natural Monopoly

A market structure where a single company can supply a product or service more efficiently than any potential competitor due to factors like economies of scale.

Government-Owned

Assets, businesses, or entities that are owned and operated by a government rather than by private individuals or companies.

Cable Television

A system of delivering television programming through coaxial cables or fiber-optic cables to consumers, offering a wide range of channels and services.