(Figure: MPP and MRP) Unit Price = $5
in the Table

question 47

Multiple Choice

(Figure: MPP and MRP) Unit Price = $5
In the table, what is the marginal revenue product of the fourth worker?
$\begin{array}{|l|l|l|l|l|} \hline\text { Labor } & \text { Total } & \mathrm{MPP}_{L} &\text { Total } & \mathrm{MRP}_{L} \\& \text { Product } & & \text { Revenue } & \\& \text { (Q) } & & \text { (TR) } &\\ \hline & 35 & 35 & ? & \$ 175 \\\hline 2 & 75 & 40 & ? & \$ 200 \\\hline 3 & 105 & 30 & \$ 525 & ? \\\hline 4 & 130 & 25 & \$ 650 & ? \\\hline 5 & 150 & 20 & \$ 750 & ?\\\hline\end{array}$

• A) $100
• B) $125
• C) $150
• D) $650

Identify the roles and functions of key regulatory bodies such as the National Labor Relations Board (NLRB) and the Equal Employment Opportunity Commission (EEOC).

Comprehend key employment laws related to polygraph testing, harassment, wages, and work hours.

Understand the legal concepts of disparate treatment and disparate impact in employment discrimination.

Recognize the protections provided by the Americans with Disabilities Act (ADA) and the Family and Medical Leave Act (FMLA).

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Definitions:

Production Function

A mathematical model that describes the maximum output of a firm, given the inputs of labor, capital, and technology.

Plastic

A wide range of synthetic or semi-synthetic materials that are malleable and so can be molded into solid objects of diverse shapes.

Wood

A hard, fibrous material made of the stems and branches of trees or shrubs, often used for construction, furniture, and fuel.

Production Function

A mathematical relationship describing the maximum output possible from a given set of inputs in the production process.