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A Firm Increases the Number of Workers It Hires from 50

question 96

Multiple Choice

A firm increases the number of workers it hires from 50 to 52 and,as a result,output increases from 100 to 110.Each of the additional units of output can be sold for $2.What is the marginal product of the 52nd worker?


Definitions:

Product Misuse

Product Misuse involves using a product in a way not intended by its manufacturer, which can lead to damages or injury not covered under warranties or liability claims.

Plaintiff's Failure

Occurs when the party bringing a lawsuit (the plaintiff) fails to prove their case or follow legal procedures, potentially resulting in the dismissal of their case.

Defendant's Negligence

The failure of a defendant to exercise a reasonable degree of care, leading to harm or damage to another party.

Product Liability Actions

Legal proceedings initiated by consumers against manufacturers or sellers for damages caused by defective or unsafe products.

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