Table 18-8 Harold and Maude Own a Dance Studio Where They and They

question 12

Multiple Choice

Table 18-8
Harold and Maude own a dance studio where they and their employees teach ballroom dancing. Their company is a competitive, profit-maximizing firm. Harold and Maude's production function is detailed in the table below.
-Refer to Table 18-8. What is the marginal product of the fourth worker?

• A)250 students
• B)62.5 students
• C)50 students
• D)30 students

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Definitions:

Prosocial Behavior

Involves actions intended to benefit others, such as sharing, helping, and displaying kindness.

Gender-stereotyped Preferences

Preferences or choices typically associated with societal norms or expectations based on gender.

Toys

Objects designed for play, usually intended for use by children.

12 Month

Typically refers to the age of one year, a period significant for numerous developmental milestones in infants.