A Firm with 3 Workers Produces 8 Units of Output

question 23

Multiple Choice

A firm with 3 workers produces 8 units of output. When the firm hires 1 additional worker, output increases to 12 units of output. MPP is equal to

• A) 4 units
• B) 12 units
• C) 1 unit

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Definitions:

Paternalistic

An approach or management style where those in power restrict the freedom and responsibilities of those subordinate to them, presumably in their best interests.

Top-down Communication

An organizational communication flow where information and directives come from higher levels of the hierarchy to lower levels.

Ethically

Acting in a manner that is consistent with what is considered morally right or acceptable.

Grammar

The set of rules and principles that govern the structure of sentences in a language.