Table 10.1 -Refer to Table 10.1. If the Price of Output Is

question 6

Multiple Choice

Table 10.1
-Refer to Table 10.1. If the price of output is $2 per unit, the marginal revenue product of the fourth unit of labor is

• A) $50.
• B) $52.50.
• C) $100.
• D) $105.

---

Definitions:

Social Capital

The framework of interpersonal relationships in a specific social setting, ensuring its successful functioning.

Tangible

Refers to physical items or properties that can be seen and touched.

Assessed

Evaluated or estimated the value, quality, or extent of something.

Groupthink

A psychological phenomenon that occurs within a group of people when the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.