When Caroline's Dress Factory Hires Two Workers, the Total Product

question 191

Multiple Choice

When Caroline's dress factory hires two workers, the total product is 50 dresses.When she hires three workers, total product is 60, and when she hires four workers, total product is 75.The slope of the marginal product curve when two to four workers are hired is

• A)upward sloping.
• B)downward sloping.
• C)vertical.
• D)horizontal.

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Definitions:

Social Stratification

The hierarchical organization of individuals in a society based on wealth, power, education, race, or other characteristics.

Varied Statuses

Refers to the existence of multiple positions that an individual occupies within society, each of which carries different levels of prestige, privilege, and power.

Poverty Rate

The proportion of a population living below the poverty line, reflecting the percentage of individuals or households earning less than a certain income threshold.

Contributing Factors

Elements or circumstances that play a role in causing or exacerbating a situation or outcome, often used in analyzing problems or planning interventions.