Assume Manfred's Shoe Shine Parlor Hires Labor, Its Only Variable

question 231

Multiple Choice

Assume Manfred's Shoe Shine Parlor hires labor, its only variable input, under purely competitive conditions. Shoe shines are also sold competitively. $\begin{array} {| c | c | c | c|} \text { Units of Labor } & \text { Total Product } & \begin{array} { c } \text { Marginal } \\\text { Product }\end{array} & \begin{array} { c } \text { Total } \\\text { Revenue }\end{array} \\\hline 0 & 0 & & \\\hline 1 & 14 & 14 & \$ 42 \\\hline 2 & & 10 & \\\hline 3 & 30 & & 90 \\\hline 4 & 35 & & \\\hline 5 & 39 & & 117 \\\hline 6 & & & 126 \\\hline 7 & 44 & 2 & 132 \\\hline\end{array}$ What is the marginal product of the sixth worker?

• A) 2 units
• B) 3 units
• C) 4 units
• D) 5 units

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Definitions:

Gamma-Aminobutyric Acid (GABA)

A neurotransmitter in the brain that inhibits nerve transmission, playing a key role in reducing neuronal excitability and regulating muscle tone.

Neuroleptics

A class of medication primarily used to manage psychosis, particularly in disorders like schizophrenia.

Antipsychotic Drugs

Medications used to treat psychiatric conditions by altering brain chemistry, particularly for conditions like schizophrenia and bipolar disorder.

Off Label

The use of pharmaceutical drugs for an unapproved indication or in an unapproved age group, dosage, or route of administration.