Table 18-7 Harold Owns a Cranberry Bog in Which He Grows Cranberries

question 258

Multiple Choice

Table 18-7
Harold owns a cranberry bog in which he grows cranberries. Harold's farm is a competitive, profit-maximizing firm. Harold's production function is detailed in the table below.

-Refer to Table 18-7.If Harold pays his workers $80 per day and sells his cranberries for $5 per bushel,what is the value of the marginal product of the second worker?

• A) $80
• B) $400
• C) $6,400
• D) $32,000

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Improved agility and speed in the movement of the feet, often relevant in sports and dance.

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Failed to be remembered or brought to mind due to lapse of memory or neglect.

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A term referring to the desires or needs of participants in a game or sport.

Coach

A person who instructs or trains a player, team, or individual, in a specific sport, skill, or academic subject.