Use the Following to Answer Questions $\text {Table: Value of the Marginal}$

question 82

Multiple Choice

Use the following to answer questions : $\text {Table: Value of the Marginal}$
$\text {Product of Labour at Demand}$

$\begin{array} { cc}\hline \text {Quantity of Labour}&\text {Total Product}\\ \hline 0 & 0 \\ 1 & 20 \\ 2 & 50 \\ 3 & 90 \\ 4 & 120 \\ 5 & 140 \\ 6 & 150 \\ 7 & 150 \\ 8 & 140 \\\hline\end{array}$
-(Table: Value of the Marginal Product of Labour and Demand) Use Table: Value of the Marginal Product of Labour and Demand.In the table,the total product of labour is shown for the hourly production of power cords.Assume that the market for power cords is perfectly competitive.If the price of a power cord is $2,the value of the marginal product for the fifth worker is:

• A) $0.
• B) $20.
• C) $40.
• D) $60.

---

Definitions:

Judaism

A monotheistic religion of the Jewish people, encompassing their culture, philosophy, traditions, and rituals guided by the Hebrew Bible.

Protestant Ethic

A concept in sociology that relates hard work, frugality, and prosperity to a person's salvation and ethical life, particularly within Protestantism.

John Calvin

A theologian and key figure in the Protestant Reformation, known for his influential teachings and writings on Christianity.

Worldly Activity

Actions or endeavors undertaken by individuals or groups that are concerned with the secular, earthly, or material aspects of life.