-Refer to the Above Table

question 339

Multiple Choice

-Refer to the above table. If the price of the good produced is $9, the marginal revenue product of the 13th worker is

• A) $810
• B) $360
• C) $6840
• D) $630

---

Definitions:

Loss Aversion

A concept in behavioral economics indicating that people tend to prefer avoiding losses to acquiring equivalent gains; it's the idea that the pain of losing is psychologically about twice as powerful as the pleasure of gaining.

Recognize the Loss

The accounting practice of formally acknowledging that a financial asset has decreased in value, typically realized through a transaction or assessment.

College Education

The advanced level of learning obtained at universities or colleges, typically leading to a degree.

Star Athletes

Highly talented and popular sports persons who significantly influence their teams and often have a large fanbase.