The Following Table Shows Output Per Hour Produced by the Different

question 76

Multiple Choice

The following table shows output per hour produced by the different units of labor. Table 14.1
The marginal revenue product of a resource is equal to the product of the marginal product of an input and marginal revenue.
According to Table 14.1,if the wage rate is $9 per hour,how many workers should this firm hire?

• A)1
• B)5
• C)4
• D)2

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Definitions:

Nonsense Syllables

Stimuli used in psychological experiments, consisting of consonant-vowel-consonant arrangements that do not form real words, to study memory and learning.

Ebbinghaus

refers to Hermann Ebbinghaus, a German psychologist known for his pioneering work in the study of memory, including the forgetting curve and the spacing effect.

Landmarks

Recognizable natural or artificial features that stand out from their surroundings and are often used for navigation.

Alumni

Graduates or former students, especially of a particular school, college, or university.