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

question 110

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 third worker?

• A) $50
• B) $250
• C) $4,000
• D) $20,000

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Definitions:

Skin

The body's largest organ, serving as a protective barrier between the inside of the body and the external environment.

Immunoglobulin

Proteins in the blood plasma, also known as antibodies, which are crucial for the immune system's response against pathogens.

B Cells

A type of white blood cell that plays a crucial role in the immune system by producing antibodies to fight infections.

IgD

Immunoglobulin D, a type of antibody that has a role in the immune system, particularly in the initiation of immune responses.