A Firm's Labor Input, Total Output of Labor, and Product

question 120

Multiple Choice

A firm's labor input, total output of labor, and product price schedules are given in the table. Labor is the only variable input. What is the marginal revenue product of the fifth worker?

• A)$5
• B)$25
• C)$-7
• D)$1

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Definitions:

DRL

Differential Reinforcement of Lower rates of behavior, a technique used to decrease frequent behaviors without completely eliminating them.

Reinforcement

The process of increasing the likelihood of a behavior by following it with a positive stimulus or removing a negative one.

Differential Reinforcement

A behavior modification technique which reinforces specific behaviors while withholding reinforcement for others, often used to increase desirable behaviors and decrease unwanted ones.

Educator

An individual who provides instruction or education to students in a variety of settings, including schools and informal educational contexts.