Table 74 -Refer to Table 7

question 197

Multiple Choice

Table 7.4
$$\begin{array} { c c c } \begin{array} { c } \text { Units of } \\\text { Labor }\end{array} & \begin{array} { c } \text { Total } \\\text { Product }\end{array} & \begin{array} { c } \text { Marginal } \\\text { Product }\end{array} \\\hline 0 & 0 & - \\1 & 6 & 6 \\2 & 14 & 8 \\3 & 24 & 10 \\4 & 36 & 12 \\5 & 42 & 6 \\6 & 46 & 4\end{array}$$
-Refer to Table 7.4,which shows labor,total product,and marginal product for a firm.Marginal returns begin to diminish with the hiring of the _____ worker.

• A)second
• B)third
• C)fourth
• D)fifth
• E)sixth

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Definitions:

Software Company

A business entity that specializes in developing, distributing, and maintaining software applications or systems.

Maslow's Theory

A psychological framework suggesting that human beings have a hierarchy of needs ranging from basic physiological needs to self-actualization, motivating their behavior.

Extrinsic Rewards

Benefits provided by an external source, such as an employer, to motivate individuals, including financial incentives, bonuses, and other non-inherent rewards.

Intrinsic Rewards

The personal satisfaction and fulfillment that an individual derives from performing a job well, arising from internal factors such as a sense of achievement or personal growth.