If the Marginal Product of the Third Worker Employed by a Computer

question 105

Multiple Choice

If the marginal product of the third worker employed by a computer manufacturer is 50 computers,and the price of a computer is $500,the third worker's marginal revenue product is

• A) $50.
• B) $500.
• C) $25,000.
• D) It cannot be determined; more information is needed.

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Definitions:

Affective Action

Actions driven by emotions and feelings rather than rational calculations.

Qualified Personnel

Refers to individuals who are officially recognized as being skilled or competent in their profession or occupation through education, training, and experience.

Hierarchy

A system of organizing or classifying people, entities, or concepts based on levels of importance, authority, or status.

Bureaucracy

An organizational structure characterized by hierarchical authority, a clear division of labor, explicit rules, and impersonality in personnel matters.