Exhibit 13-1 -Refer to Exhibit 13-1. If Output Price Is $12 and Is

question 48

Multiple Choice

Exhibit 13-1
-Refer to Exhibit 13-1. If output price is $12 and the weekly wage is $300, the marginal revenue product of the fourth worker is

• A)$12.
• B)$75.
• C)$192.
• D)$18.75.
• E)$300.

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Definitions:

Flavors

Distinctive tastes and aromas of food or drink, produced by various compounds.

Sweetness

A quality of having a pleasant or sugary taste.

Neurotransmitter

Chemicals in the nervous system that transmit signals from one neuron to another across synapses.

Behavioral Effects

The impacts or changes in behavior that result from exposure to a stimulus or from participation in a specific behavior.