The Following Table Shows the Product Price of a Perfectly

question 13

Multiple Choice

The following table shows the product price of a perfectly competitive firm and the output produced by the firm. From the table, it can be said that the marginal product of the third machine is _____. ​
Table 11.1
​

• A)$3
• B)5 units
• C)15 units
• D)3 units
• E)$2

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Definitions:

Segmentation

The division of a body or a structure into repetitive segments, as seen in organisms like annelids, arthropods, and vertebrates.

Locomotion

The ability or act of moving from place to place, a fundamental biological activity allowing organisms to interact with their environment.

Cephalopods

A class of mollusks that includes octopuses, squids, and cuttlefish, known for their advanced nervous systems and ability to change color.

Torsion

The twisting of the visceral mass characteristic of gastropod mollusks.