Refer to the Following Graph

question 18

Multiple Choice

Refer to the following graph.The price of capital r) is $20. If,at the optimal combination of inputs for producing 14,000 units of output,the marginal product of capital is 40,what is the marginal product of labor?

• A)60
• B)40
• C)27.7
• D)80
• E)impossible to tell from the graph

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Definitions:

Distributional Errors

Mistakes made in performance appraisals where an evaluator's rating of an employee is biased towards certain ratings across the spectrum.

Raters

Individuals involved in assessing the performance or competencies of employees, often as part of performance evaluations or research studies.

Rating Scale

A tool used to assign a value to a variable or response, often in the form of numbers or descriptions, to measure attitudes or perceptions.

Self-appraisals

The process in which employees evaluate their own job performance and productivity, often as part of performance management systems.