Figure 18-2 The Figure Below Shows the Production Function for a Particular

question 415

Multiple Choice

Figure 18-2
The figure below shows the production function for a particular firm.
-Refer to Figure 18-2. Suppose the firm pays a wage equal to $160 per unit of labor and sells its output at $10 per unit. What is the value of the marginal product of labor for the fourth worker?

• A)10 units
• B)$100
• C)$1,000
• D)$1,600

---

Definitions:

Polychronic

Relating to or denoting cultures that perceive time as fluid and multitasking as normal and acceptable.

Monochronic

A time management concept where tasks are performed one at a time, emphasizing focus and linear progression.

Personal Space

The physical area surrounding an individual that they consider their own, which if invaded may cause discomfort.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often accompanied by a feeling of contempt for other cultures.