Given the Table Below,how Much Does the 13th Worker Add

question 3

Multiple Choice

Given the table below,how much does the 13th worker add to total output?

• A)28 units
• B)29 units
• C)130 units
• D)420 units
• E)none of the above

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Definitions:

Commons Dilemma

A situation in which individuals' short-term selfish interests are in conflict with long-term group interests and common good.

Prisoner's Dilemma

A scenario in game theory in which two individuals acting in their own self-interest do not produce the optimal outcome for either party.

Ultimatum Game

A game in economic experiments where two players decide on how to divide a sum of money; the proposer suggests a division and the responder can either accept or reject it.

Entitativity

The degree to which a collection of people feels like a cohesive group.