If the Marginal Revenue Product of the Fifth Worker Is

question 72

Multiple Choice

If the marginal revenue product of the fifth worker is $15, the price of the last unit of output produced is $5, and the firm sells as a price searcher, then the marginal product of the fifth worker is

• A)3 units of output
• B)45 units of output
• C)fewer than 3 units of output
• D)greater than 3 units of output
• E)greater than 75 units of output

---

Definitions:

Sociological

Relating to the study of the development, structure, and functioning of human society.

Anthropological

Pertaining to anthropology, the study of human societies, cultures, and their development.

Consumption Constellation

refers to a group of products and brands that a consumer uses to express and construct their identity.

Affluent Lifestyle

A way of living characterized by abundant wealth and resources, allowing for a higher standard of comfort, luxury, and leisure activities.