Questions Are Based on the Data in the Following

question 64

Multiple Choice

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


$\begin{array}{cc}\begin{array}{cc}\underline{\text { Labor }} & \underline{\text { Output }} \\0 & 0 \\1 & 15 \\2 & 29 \\3 & 42 \\4 & 54 \\5 & 65\end{array}\begin{array}{r}\underline{\text { Price }} \\\$ 2.20 \\2.00 \\1.80 \\1.60 \\1.40 \\1.20\end{array}\end{array}$

-What are the values of marginal product and the marginal revenue product,respectively,for the fourth worker?

• A)$67.20; $9.60
• B)$12.60; $9.60
• C)$16.80; $8.40
• D)$67.20; $62.40

Differentiate between intrinsic and extrinsic motivation and their roles in behavior development.

Recognize the influence of social structures and significant life events on individual development.

Identify the stages and components of moral and cognitive development in children.

Analyze the effects of societal changes on individual behaviors and societal norms.

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Definitions:

Extrinsic Motivation

Motivation driven by external rewards, such as money, grades, or acclaim rather than internal satisfaction.

Creativity

The ability to generate or recognize ideas, alternatives, or possibilities that may be useful in solving problems, communicating, and entertaining.

Expertise

Specialized knowledge or skill in a particular field or profession.

Confirmation Bias

The inclination to find, understand, prioritize, and recollect information that supports one's existing views or assumptions.