A Farmer Who Has Fixed Amounts of Land and Capital

question 186

Multiple Choice

A farmer who has fixed amounts of land and capital finds that total product is 24 for the first worker hired, 32 when two workers are hired, 37 when three are hired, and 40 when four are hired. The farmer's product sells for $4 per unit, and the wage rate is $30 per worker. The marginal revenue product of the third worker is

• A)$5
• B)$148
• C)$-10
• D)$20

---

Definitions:

Tidal Inspiration

The normal process of taking air into the lungs during breathing at rest without extra effort.

Tidal Expiration

The process of passive exhaling in the breathing cycle where air is expelled from the lungs due to the natural recoil of the chest and lungs.

Forced Expiration

The act of expelling air from the lungs with effort, beyond the usual passive expiration, often requiring use of additional muscles.

Residual Volume

The volume of air remaining in the lungs after a forced exhalation, preventing lung collapse and ensuring continuous gas exchange.