A Firm Can Sell Its Output for $40 Per Unit

question 88

Multiple Choice

A firm can sell its output for $40 per unit. When it increases its labour force from 4 workers to 5 workers, its output increases from 15 to 17 units. The value of marginal product of the 5th worker is

• A)$80.
• B)$40.
• C)$600.
• D)$680.
• E)$136.

Understand the concept of "twin deficits" and its implications for economic policy and performance.

Assess the effects of banking crises on a country's real exchange rate and net exports.

Understand the key factors that influence job and career satisfaction.

Identify various sources of occupational information.

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Definitions:

Differential Associations Theory

A theory in criminology suggesting that individuals learn deviant behavior from those close to them who provide models of and opportunities for deviance.

Pick-Pocketing

The act of stealthily stealing wallets or other valuables from the pockets or bags of others.

Wealthy

Having a large amount of money, resources, or assets; often associated with affluence and a high standard of living.

Effective Social Control

The ability of a society or group to regulate individuals' behavior in a way that promotes order and discourages deviance.