A Firm Increases the Number of Workers It Hires from 50

question 65

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 revenue product of the 52^nd worker?

• A)2
• B)5
• C)10
• D)20
• E)50

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Definitions:

Plunging Anticline

A geological fold, specifically an anticline, where the layers of rock dip downwards from the crest, appearing as if they are 'plunging' into the ground.

Horizontal Syncline

A geological fold that is concave up and has its layers oriented horizontally, often indicating a region of compression where rock layers have been bent downward.

Empowerment

The process of enabling or authorizing individuals to think, behave, take action, and control work and decision-making in autonomous ways.

Authoritarian Style

A leadership or parenting style characterized by strict discipline, high demands, and little flexibility.