The Following Table Shows Output Per Hour Produced by the Different

question 95

Multiple Choice

The following table shows output per hour produced by the different units of labor. Table 14.1
The marginal revenue product of a resource is equal to the product of the marginal product of an input and marginal revenue.
According to Table 14.1, if the wage rate is $6 per hour, how many workers should this firm hire?

• A)3
• B)2
• C)4
• D)5

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Definitions:

False Belief

A misunderstanding or incorrect interpretation about the state of the world, often studied in the context of cognitive and developmental psychology.

Theory of Mind

The ability to attribute mental states—beliefs, intents, desires, emotions—to oneself and others.

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