Jim Smith Runs a Company That Sells Encyclopedia Sets for $200

question 137

Multiple Choice

Jim Smith runs a company that sells encyclopedia sets for $200 each. When he employs 5 workers, they can sell 20 sets per week, whereas only 17 sets are sold when 4 workers are employed. What is the weekly marginal revenue product of the fifth worker?

• A) $3
• B) $200
• C) $600
• D) $4,000

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Definitions:

Hepatic Artery

A blood vessel that supplies oxygenated blood to the liver.

Ductus Arteriosus

A blood vessel in a fetus that bypasses pulmonary circulation by connecting the pulmonary artery directly to the ascending aorta.

Fetal Pulmonary Trunk

A vessel in the developing fetus that carries blood from the right ventricle of the heart to the lungs.

Ligamentum Arteriosum

A small ligament that is the remnant of the ductus arteriosus formed within three weeks after birth, connecting the pulmonary artery to the proximal descending aorta.