Let L Represent the Number of Workers Hired by a Firm

question 39

Multiple Choice

Let L represent the number of workers hired by a firm, and let Q represent that firm's quantity of output. Assume two points on the firm's production function are (L=6,Q=147) and (L=7,Q=184) . The marginal product of the seventh worker is

• A)25 units of output.
• B)27 units of output.
• C)37 units of output.
• D)184 units of output.

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Definitions:

Lead

Potential client or customer who has shown interest in a company's product or service.

Develop

The process of growth, progress, or improvement in skills, knowledge, or products through stages or phases.

Adult Learners

Individuals beyond the traditional college age who engage in learning activities, often juggling various personal and professional responsibilities.

Robert Gagné's

Pertains to the educational psychologist known for his "Conditions of Learning," a theory that outlines how people learn and acquire skills.