The Following Table Shows Data of a Firm Producing Chocolate

question 138

Multiple Choice

The following table shows data of a firm producing chocolate candies. If the firm sells chocolate candies for $3 per pound regardless of the quantity sold, the marginal revenue product of the third worker is _____. ​
Table 11.2
​

• A)$0.60
• B)$6
• C)$0.30
• D)$3
• E)$90

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Definitions:

Scientifically Tested

Evaluating hypotheses, theories, or products through rigorous and structured experimentation or methods to determine their validity or efficacy.

Formal Operational

A stage in Piaget's theory of cognitive development where individuals begin to think logically about abstract concepts.

Systematically Analyze

To examine something methodically and in detail, usually for the purpose of explanation and interpretation, often applying logical and standardized procedures.

Cognitive Development

The process of growth and change in intellectual capabilities such as thinking, reasoning, and understanding over the course of a human life.