Table 10.1 -Refer to Table 10.1. If the Price of Output Is

question 6

Multiple Choice

Table 10.1
-Refer to Table 10.1. If the price of output is $2 per unit, the marginal revenue product of the fourth unit of labor is

• A) $50.
• B) $52.50.
• C) $100.
• D) $105.

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Definitions:

Compensatory Damages

Money awarded to a plaintiff as reimbursement for her or his losses; based on the amount of actual damage or harm to property, lost wages or profits, pain and suffering, medical expenses, disability, and so on.

Disparate-Treatment Discrimination

A form of discrimination where an individual is treated less favorably than others based on a protected characteristic.

Title VII

A segment of the 1964 Civil Rights Act that bars discrimination in the workplace on the grounds of race, skin color, faith, gender, or national background.

Civil Rights Act of 1964

A landmark piece of federal legislation in the United States that outlawed discrimination based on race, color, religion, sex, or national origin.