Answer the Question on the Basis of the Following Output

question 18

Multiple Choice

Answer the question on the basis of the following output data for a firm.Assume that the amounts of all nonlabor resources are fixed. $$\begin{array}{l}\begin{array} { c c c } \text { Number of}&&\text{ Units of }\\\text { Workers } & & \text { Output } \\\hline0 & & 0 \\1 & & 40 \\2 & & 90 \\3 & & 126 \\4 & & 150 \\5 & & 165 \\6 & & 180\end{array}\end{array}$$ Refer to the data.Diminishing marginal returns become evident with the addition of the:

• A) sixth worker.
• B) fourth worker.
• C) third worker.
• D) second worker.

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Definitions:

Dominant Strategy

A strategy that always provides greater utility to a player, regardless of the opponent's strategy.

Nash Equilibria

Nash Equilibria refer to a situation in a game where no player can benefit by changing strategies if other players keep theirs unchanged.

Nash Equilibrium

A concept in game theory where each player's strategy is optimal, given the strategies of the other players, resulting in no incentive to deviate from their chosen strategy.

Hydrogen Powered

Vehicles or systems that use hydrogen as a primary fuel source, often with the advantage of emitting only water vapor as a byproduct.