The Following Table Shows the Total Output Per Hour Produced

question 27

Multiple Choice

The following table shows the total output per hour produced in a factory at various levels of employment of labor. The firm sells each unit of output at $2 and each worker is paid a wage of $12.
Table 5-1
$\begin{array} { | c | c | } \hline \begin{array} { c } \text { Nurnber of } \\\text { workers }\end{array} & \text { Total output } \\\hline 1 & 8 \\\hline 2 & 18 \\\hline 3 & 30 \\\hline 4 & 41 \\\hline 5 & 50 \\\hline 6 & 55 \\\hline 7 & 59 \\\hline 8 & 61 \\\hline 9 & 62 \\\hline\end{array}$
-Refer to Table 5-1. What is the marginal revenue product of the 4th worker?

• A) $82
• B) $20.50
• C) $22
• D) $18
• E) None of these answers is correct.

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Definitions:

Overload Theory

A psychological theory that suggests individuals or systems can only handle a limited amount of information or tasks before performance begins to deteriorate.

Status

Refers to the relative social, professional, or other standing of someone or something, often influencing power dynamics and interactions within a group.

Size of Territory

The concept in environmental psychology referring to the physical space controlled by an individual or group, impacting behavior and social relations.

Territorialize

The action of establishing control or ownership over a specific physical area or concept, often to assert dominance or exclusivity.