Ten Cases of Spring Water Are Sold for $6 Each

question 2

Multiple Choice

Ten cases of spring water are sold for $6 each, and the marginal product of the last unit of labor is 5. If the price of a case increases from $6 to $8, then the marginal revenue product of the last unit of labor would

• A) decrease by $10.
• B) increase by $40.
• C) decrease by $30.
• D) increase by $10.
• E) not change.

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Definitions:

Emotions

Complex psychophysiological experiences reflected in psychological states, behavioral responses, and physiological changes.

Introvert

A person who prefers solitary activities and focuses on their own thoughts and feelings rather than seeking external stimulation.

Extravert

An individual who is outgoing, sociable, and derives energy from interactions with others, as opposed to solitude.

Emotional Responsiveness

The degree to which an individual responds to emotional stimuli or situations in their environment.