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:

Profit-Sharing Plan

A company program that gives employees a share in the profits of the company.

Intermittent Reinforcement

A behavioral training strategy where rewards or punishments are given out irregularly, contributing to stronger or more lasting behavioral responses.

Successive Approximations

A process of breaking down a complex skill or behavior into smaller, achievable steps and rewarding progress.

Desired Behavior

The target behavior that is sought after or desired to be increased or nurtured.