Wayne's Jacket Shop Sells Wayne's Jackets for $20 Each

question 140

Multiple Choice

Wayne's Jacket Shop sells Wayne's jackets for $20 each. Wayne finds that when he hires different numbers of workers, the corresponding total revenues are as shown in the table. What is the marginal revenue product of the fifth worker?

• A)$160
• B)$400
• C)−$800
• D)$2

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Definitions:

Give-And-Take

A principle of mutual exchange, compromise, or negotiation, where individuals participate in reciprocal giving and receiving to reach a mutually beneficial outcome.

Experience Sampling Method

A research technique that collects data on participants' feelings, thoughts, and behaviors in real time or within close proximity to experience.

Electronic Pagers

Small communication devices used to receive messages or alerts, popular before the widespread use of mobile phones.

Emotional Ups and Downs

The fluctuation of feelings and moods that an individual experiences over time, ranging from highs, such as happiness, to lows, like sadness.