The Following Table Shows Output Per Hour Produced by the Different

question 14

Multiple Choice

The following table shows output per hour produced by the different units of labor. Table 28.1
The marginal revenue product of a resource is equal to the product of the marginal product of an input and marginal revenue.
Refer to Table 28.1.If both the wage rate and the price of the good falls to $2, how many workers would the firm hire?

• A)1
• B)2
• C)3
• D)4

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Definitions:

DNA

Deoxyribonucleic acid, the hereditary material in humans and almost all other organisms, containing the genetic instructions for development, functioning, growth, and reproduction.

Genotype

The alleles possessed for a particular trait.

Homo Sapiens

The species name for modern humans, characterized by a larger brain, upright posture, and capacity for complex language and thought.

Gene Flow

The transfer of alleles or genes from one population to another, promoting genetic diversity.