Table 18-7
the Table Displays Data for a Small, Competitive

question 28

Multiple Choice

Table 18-7
The table displays data for a small, competitive, profit-maximizing firm that produces and sells envelopes. Assume that labor is the only input that varies for the firm.
​
​
$$\begin{array} { | c | c | c | } \hline \begin{array} { c } \text { Labor } \\\text { (Number of workers) }\end{array} & \begin{array} { c } \text { Marginal Product of Labor } \\\text { (Boxes of envelopes per week) }\end{array} & \begin{array} { c } \text { Wage } \\\text { (Dollars per } \\\text { worker per week) }\end{array} \\\hline 0 & & \\\hline 1 & 133 & 393 \\\hline 2 & 111 & 393 \\\hline 3 & 93 & 393 \\\hline 4 & 83 & 393 \\\hline 5 & 75 & 393 \\\hline\end{array}$$ ​
-Refer to Table 18-7. Suppose the firm sells each box of envelopes that it produces for $5. What is the marginal profit of the fourth worker?

• A)$18
• B)$22
• C)-$18
• D)$415

---

Definitions:

Trolling

Deliberately provoking or annoying others online by posting inflammatory or off-topic messages in digital forums.

Chief Norm

The primary or dominant standard that guides behavior or expectations within a particular society or group.

News Photographer

A professional who captures photographic images for use in newspapers, magazines, and digital media to report on events and stories.

Objectivity

The principle or quality of being unbiased and impartial, especially in the context of reporting, analysis, and decision-making.