Use the Following Data to Answer the Question Marginal Product Becomes Negative with the Hiring of the Unit

question 120

Multiple Choice

Use the following data to answer the question. $\begin{array} { | c | c | } \hline \text { Inputs of Labor } & \text { Total Product } \\\hline 0 & 0 \\\hline 1 & 8 \\\hline 2 & 18 \\\hline 3 & 25 \\\hline 4 & 30 \\\hline 5 & 33 \\\hline 6 & 34 \\\hline 7 & 32 \\\hline\end{array}$ Marginal product becomes negative with the hiring of the unit of labor.

• A) third
• B) fourth
• C) sixth
• D) seventh

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Definitions:

Marginal Benefit

The additional satisfaction or utility a consumer receives from consuming an additional unit of a good or service.

Marginal Cost

The financial outlay for making one more unit of a product or service.

Pollution Abatement

Measures and activities undertaken to reduce, control, or eliminate pollution from various sources in order to protect the environment.

Marginal Utility

The further gratification or value experienced by an individual upon consuming an extra unit of a particular good or service.