Questions Are Based on the Data in the Following

question 37

Multiple Choice

Questions are based on the data in the following table. Assume that the labor market is perfectly competitive.




$\begin{array}{cc}\begin{array}{cc}\text { Labor } & \text { Output } \\\hline0& 0 \\1 & 15 \\2 & 29 \\3 & 42 \\4 & 54 \\5 & 65 \\6 & 75\end{array}\begin{array}{c}\text { Price }\left(D_{1}\right) \\\hline\$ 10.00 \\10.00 \\10.00 \\10.00 \\10.00 \\10.00 \\10.00 \\\end{array}\begin{array}{c}\text { Price }\left(\mathrm{D}_{2}\right) \\\hline \$ 10.00 \\9.50 \\9.00 \\8.50 \\7.50 \\6.50 \\5.50\end{array}\end{array}$
-Suppose the firm's product demand is given by the column labeled D₂.The extra revenue generated by the fourth worker is:

• A)$1
• B)$12
• C)$48
• D)$405

---

Definitions:

Implementation Intention

A strategy for goal setting that involves forming a specific plan about when, where, and how to act in order to achieve an objective.

Emotional Processes

The mechanisms through which emotions are experienced, expressed, regulated, and understood.

Affective Forecasting

Predicting one’s emotional reactions to potential future events. These predictions are often inaccurate.

Self-discrepancy Theory

A theory in social psychology that describes how differences between individuals' actual, ideal, and ought selves can impact their emotional states.