Use the Information Given in the Table Below to Answer

question 16

Multiple Choice

Use the information given in the table below to answer the following question(s) .Assume the firm hires labor competitively and sells its product in a competitive price-taker market at a price of $2 per unit.
Table 12-7

-Refer to Table 12-7.What is the marginal revenue product of the fifth unit of labor?

• A)$2
• B)$4
• C)$20
• D)$100

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Definitions:

Hepatitis A

A highly contagious liver infection caused by the hepatitis A virus, primarily spread by the ingestion of contaminated food or water.

Obstructive Jaundice

A condition characterized by the yellowing of skin and eyes due to a blockage in the bile ducts, which prevents bile (containing broken down red blood cells) from being processed and eliminated properly.

Cirrhosis

Chronic, irreversible injury to liver tissue; commonly caused by frequent alcohol consumption.

Acute Diarrhea

A condition characterized by the abrupt onset of frequent, loose, water stools that lasts less than 14 days, often due to infection or toxin ingestion.