Wei Sells Sandwiches for $10 Each in a Competitive Product

question 7

Multiple Choice

Wei sells sandwiches for $10 each in a competitive product market. The marginal revenue product for the fourth worker is $60. The marginal physical product of the fourth worker is:

• A) three.
• B) four.
• C) five.
• D) six.

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Definitions:

Unethical

Behaviors or actions that are morally wrong, not conforming to accepted standards of conduct.

Business Ethics

The use of ethics and ethical principles to solve business dilemmas.

Standards

Established benchmarks or criteria that define the quality, quantity, and functionality of products, services, or processes.

Conduct

The manner in which a person behaves, especially on a particular occasion or in a specific context.