Table 18-8 Harold and Maude Own a Dance Studio Where They and They

question 12

Multiple Choice

Table 18-8
Harold and Maude own a dance studio where they and their employees teach ballroom dancing. Their company is a competitive, profit-maximizing firm. Harold and Maude's production function is detailed in the table below.
-Refer to Table 18-8. What is the marginal product of the fourth worker?

• A)250 students
• B)62.5 students
• C)50 students
• D)30 students

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Definitions:

Compression

The reduction in volume and increase in pressure of air or fuel mixture within an engine cylinder.

Jounce

Upward movement of a wheel that compresses the spring.

Rebound

The release of stored energy from a spring. When a wheel and tire move downward over uneven road conditions it is called rebound.

Deflection

The degree to which a structural element is displaced under a load.