-Figure 12-7 Shows the Number of Calculators That Can Be

question 36

Multiple Choice

-Figure 12-7 shows the number of calculators that can be assembled each day by various numbers of workers.If calculators sell in a perfectly competitive market where the price per calculator is $20,what is the marginal revenue product (MRP) of hiring the second worker?

• A)$20
• B)$2,000
• C)$100
• D)$1,600
• E)$3,200

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Definitions:

Establishment Clause

One of two provisions in the First Amendment of the U.S. Constitution that protect citizens’ freedom of religion. It prohibits (i) the establishment of a national religion by Congress and (ii) the preference of one religion over another or of religion over nonreligious philosophies in general.

First Amendment

The part of the United States Constitution that protects freedoms of speech, religion, press, assembly, and petition.

Constitution

The system of fundamental principles according to which a nation, state, corporation, or the like, is governed.

Search Without A Warrant

A law enforcement action to search a person or property without possessing a court-issued warrant, permissible only under certain conditions.