Answer the Question on the Basis of the Following Output

question 124

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.The marginal product of the sixth worker is:

• A) 180 units of output.
• B) 30 units of output.
• C) 15 units of output.
• D) negative.

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Definitions:

Labor Standards

Regulations and practices that relate to working conditions, including aspects like minimum wages, working hours, safety, and rights to organize.

Labor Cooperation

The collaboration between workers, employers, and sometimes governments, to improve working conditions, productivity, and workers' rights.

Free Trade Agreements

Bilateral or multilateral agreements between countries that reduce or eliminate barriers to trade, such as tariffs and import quotas, fostering increased trade and economic integration.

International Trade

The exchange of goods, services, and capital across international borders or territories, crucial for global economic integration and development.