The Table Has the Marginal Products for Workers at Bart's

question 168

Multiple Choice

The table has the marginal products for workers at Bart's Bats, a baseball bat factory.
-Using the above table,suppose the price of a bat is $3.If the wage rate for a worker in a baseball bat manufacturing plant is $18 an hour,then the firm will hire ________ workers; if the wage rate falls to $12 an hour,then the firm will hire ________.

• A) 1; 2
• B) 2; 4
• C) 3; 3
• D) 5; 4
• E) 3; 5

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Definitions:

Toxins

Substances that are poisonous or harmful to organisms, produced naturally by living things or created artificially.

Serving Size

A standardized amount of food that helps determine nutritional content, often used for dietary guidelines and food labeling.

Neophobia

An extreme or irrational fear or dislike of anything new, novel, or unfamiliar.

Waistlines

The measurement around the narrowest part of the waist, often used as an indicator of health and fitness.