Let L Represent the Number of Workers Hired by a Firm,and

question 154

Multiple Choice

Let L represent the number of workers hired by a firm,and let Q represent that firm's quantity of output.Assume two points on the firm's production function are (L = 12,Q = 122) and (L = 13,Q = 132) .Then the marginal product of the 13th worker is

• A) 8 units of output.
• B) 10 units of output.
• C) 122 units of output.
• D) 132 units of output.

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Definitions:

Autonomy

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Abraham Maslow

An American psychologist best known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs.

Hierarchy of Needs

A theory in psychology proposed by Abraham Maslow that outlines a five-tier model of human needs, from basic physiological needs to self-actualization.

Motivation

The reason or reasons one has for acting or behaving in a particular way.