If the Marginal Product of the Second Worker Hired by a Firm

question 22

Multiple Choice

If the marginal product of the second worker hired by a firm is 10 units and the price of a unit of output is $7 regardless of the quantity of output sold,then the marginal revenue product of the second worker is _____

• A)$70.
• B)$14.
• C)$7.
• D)$2.
• E)$21.

---

Definitions:

Taxes

Necessary financial levies or different levy categories demanded from taxpayers by governmental authorities to underwrite government operations and sundry public outlays.

Henry Luce

An influential American magazine magnate who cofounded Time, Life, Fortune, and Sports Illustrated magazines, significantly shaping 20th-century media.

American Exceptionalism

The idea that the United States has a unique character and role in the world, often associated with the country's history, political values, and institutions.

Military Prowess

The demonstrated skill, capability, and effectiveness of a country's military in defense and warfare situations.