Table 18-7 Harold Owns a Cranberry Bog in Which He Grows Cranberries

question 110

Multiple Choice

Table 18-7
Harold owns a cranberry bog in which he grows cranberries. Harold's farm is a competitive, profit-maximizing firm. Harold's production function is detailed in the table below.

-Refer to Table 18-7.If Harold pays his workers $80 per day and sells his cranberries for $5 per bushel,what is the value of the marginal product of the third worker?

• A) $50
• B) $250
• C) $4,000
• D) $20,000

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Definitions:

High Cholesterol

A condition characterized by elevated levels of cholesterol in the blood, which increases the risk of cardiovascular disease.

Diabetes

A chronic condition characterized by high levels of sugar in the blood due to the body's inability to produce or effectively use insulin.

Atrial Kick

The forceful contraction of the atria in the heart just before systole, helping to fill the ventricles with blood.

Diastole

The phase of the heartbeat when the heart muscle relaxes and allows the chambers to fill with blood.