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

question 425

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. If Harold and Maude pay their workers $80 per day and charge $20 per dance lesson, what is the value of the marginal product of the second worker?

• A)$400
• B)$800
• C)$1,600
• D)$4,800

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Definitions:

Punishment

A means of eliminating undesired behavior by using an aversive event that is contingent upon the occurrence of the inappropriate behavior.

Response Competition

A concept in behavior theory where multiple responses or behaviors compete with each other for expression.

Competition of Motives

a concept in psychology where multiple drives or motives within an individual compete for expression, affecting behavior and decision-making.

Anticipatory Pain

The expectation or fear of pain that can occur before an actual painful stimulus is experienced.