Table 114 -Refer to Table 11

question 92

Multiple Choice

Table 11.4
$$\begin{array} { | c | c | c | } \hline \text { Number of Workers } & \begin{array} { c } \text { Total } \\\text { Froduct }\end{array} & \begin{array} { c } \text { Product } \\\text { Price } ( \$ ) \end{array} \\\hline 0 & 0 & 4 \\\hline 1 & 15 & 4 \\\hline 2 & 29 & 4 \\\hline 3 & 42 & 4 \\\hline 4 & 54 & 4 \\\hline 5 & 65 & 4 \\\hline 6 & 75 & 4 \\\hline 7 & 84 & 4 \\\hline 8 & 92 & 4 \\\hline 9 & 99 & 4 \\\hline 10 & 105 & 4 \\\hline\end{array}$$
-Refer to Table 11.4,which shows data for a perfectly competitive firm.The first column shows the number of resources employed in production,the second column shows the total product of the firm,and the third column shows its product price.Which of the following is the marginal revenue product of the fifth unit of the resource?

• A)$260
• B)$130
• C)$22
• D)$44
• E)?$18

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Definitions:

Reinforcement

The process of encouraging or establishing a pattern of behavior by offering rewards or positive outcomes.

Punishment

A concept in behavioral psychology where an unpleasant consequence follows a behavior, with the aim of decreasing or stopping that behavior.

Subjective Terms

Concepts or descriptors that are influenced by personal feelings, opinions, or experiences, lacking objective or universally accepted standards.

Objective Terms

Language or terminology that is based on observable and measurable facts, devoid of opinions or subjective biases.