Table 18-8 Harold and Maude Own a Dance Studio Where They and They

question 175

Multiple Choice

Table 18-8
Harold and Maude own a dance studio where they and their employees teach ballroom dancing. Their company is a competitive, profit-maximizing firm. Harold and Maude's production function is detailed in the table below.
-Refer to Table 18-8. What is the marginal product of the third worker?

• A)220 students
• B)73.33 students
• C)50 students
• D)30 students

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Definitions:

Observational Learning

Acquiring understanding by observing the actions of others and the consequences that follow.

Biological Basis

The underlying physiological and genetic components that attribute to specific behaviors, traits, or conditions.

Observational Learning

The process of learning through watching others, retaining the information, and then later replicating the behaviors that were observed.

Prosocial Behavior

Positive, constructive, helpful behavior. The opposite of antisocial behavior.