The Following Table Shows How Apple Output Changes as Additional

question 39

Multiple Choice

The following table shows how apple output changes as additional apple pickers are hired.Calculate marginal physical product,total revenue,and marginal revenue product.The price of apples is $4 per basket.
Table 8.1-Apple Production
-In Table 8.1,what is the marginal physical product of the 4^th apple picker?

• A) 76 baskets per day.
• B) 19 baskets per day.
• C) 16 baskets per day.
• D) 4 baskets per day.

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Definitions:

Groupthink

A phenomenon that occurs within a group of people, in which the desire for harmony or conformity in the group results in an irrational or dysfunctional decision-making outcome.

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NASA

The United States government agency responsible for the nation's civilian space program and for aeronautics and aerospace research.

Group Polarization

Groups often make decisions that are significantly more extreme than the initial inclinations of the individuals within them.