Exhibit 7-1 Production of Pizza Data -Exhibit 7-1 Shows the Change in the Production of Pizzas

question 18

Multiple Choice

Exhibit 7-1 Production of pizza data $$\begin{array} { | c | c | } \hline \text { Workers } & \text { Pizzas } \\\hline 0 & 0 \\1 & 4 \\2 & 10 \\3 & 15 \\4 & 18 \\5 & 19 \\\hline\end{array}$$
-Exhibit 7-1 shows the change in the production of pizzas as more workers are hired. The marginal product of the labor input begins to fall with the employment of the ____ worker.

• A) first
• B) second
• C) third
• D) fourth
• E) fifth

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Definitions:

Service

An activity, or intangible product, used to satisfy human wants.

Resource Market

A market in which a resource is bought and sold.

Exchange

The act of giving one thing and receiving another, especially of the same kind or value, in return.

Scarce

A condition or situation characterized by the limited availability of resources or goods, leading to competition for their acquisition or use.