The Figure Below Depicts a Production Function for a Firm

question 59

Essay

The figure below depicts a production function for a firm that produces cookies.
Figure 12-4
-The Hardboard Construction Company hired Bob at $10 an hour, but its output of doll houses only increased by three units a day. Two weeks later, the company purchased an $8 hammer for Bob and output increased by twelve units. Since the hammer increased the marginal product more than Bob did, and at less cost, Hardboard fired Bob. Is this consistent with the theory of marginal productivity? Why or why not?

---

Definitions:

Tendon

A fibrous connective tissue that attaches muscle to bone, facilitating movement.

Blood Pressure

The force exerted by circulating blood upon the walls of blood vessels, often measured for health assessments.

Ineffective Coping

A condition where an individual is unable to successfully manage stressors, challenges, or life events, leading to potential detriments to mental or physical health.

Fatigue

A state of persistent tiredness or weakness, which can be physical, mental, or a combination of both, often resulting from stress, overwork, illness, or lack of sleep.