The Following Table Shows Output Per Hour Produced by the Different

question 56

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 $6 per hour,how many workers should this firm hire?

• A)3
• B)2
• C)4
• D)5

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Definitions:

Right to Abortion

The legal right of a woman to terminate a pregnancy, subject to varying conditions around the world.

Laws Guaranteeing

Regulations and statutes that ensure certain rights or benefits.

Ingroup Bias

The tendency to favor and extend loyalty to members of one's own group over those of a different group.

Ingroup Favoritism

The tendency to give preferential treatment and express positive attitudes towards members of one's own group over those from other groups.