If the Marginal Revenue Product of the Fifth Worker Hired

question 83

Multiple Choice

If the marginal revenue product of the fifth worker hired by a firm is $15 and the price of a unit of output is $5 regardless of how much is sold, then the marginal product of the fifth worker is

• A) 15 units of output.
• B) 5 units of output.
• C) 3 units of output.
• D) 45 units of output.
• E) 75 units of output.

---

Definitions:

Short-Form Merger

A type of merger that occurs when a parent company absorbs a subsidiary without obtaining approval from the subsidiary’s shareholders, typically allowed under certain conditions by law.

Statutory Provisions

Specific requirements, rules, or laws enacted by a government’s legislative body.

Creditors

Individuals or entities to whom money is owed by debtors.

Dissolution

The process of legally dissolving a corporation or partnership, effectively ending its existence.