The Table Given Below Represents the Marginal Valuation of a Beekeeper

question 21

Multiple Choice

The table given below represents the marginal valuation of a beekeeper (collecting honey) and an orchard farmer (producing mangoes) .The beekeeper's opportunity cost reflects the loss in honey collection resulting from the usage of the same orchard again and again.

$\begin{array}{|c|c|c|c|c|c|}\hline \text { Days used } & \begin{array}{c}\text { Total honey } \\\text { value }(\$) \end{array} & \begin{array}{c}\text { Marginal } \\\text { honey value } \\(\$) \end{array} & \begin{array}{c}\text { Beekeeper's } \\\text { opportunity cost } \\(\$) \end{array} & \begin{array}{c}\text { Total value } \\\text { of mangoes } \\\mathbf{( \$ ) }\end{array} & \begin{array}{c}\text { Marginal value } \\\text { of mangoes (\$) }\end{array} \\\hline 1 & 18 & 18 & 4 & 10 & 10 \\\hline 2 & 23 & 6 & 4 & 17 & 7 \\\hline 3 & 27 & 5 & 4 & 23 & 6 \\\hline 4 & 30 & 3 & 4 & 28 & 5 \\\hline 5 & 32 & 2 & 4 & 32 & 4 \\\hline 6 & 33 & 1 & 4 & 30 & 2 \\\hline 7 & 34 & 1 & 4 & 29 & 1 \\\hline\end{array}$

-Refer to Table .What will be the maximum number of days for which the orchard owner would prefer the beekeeper to stay in his orchard without having to pay any compensation?

• A)3 days
• B)6 days
• C)1 day
• D)5 days

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Thematic Apperception Test, a projective psychological test that involves creating stories about ambiguous scenes and images, used to uncover a person's underlying thoughts, motives, and feelings.

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